Transcript for Business Headlines: UPS says it plans to hire more than 100,000 seasonal workers
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>> A TOP RATING FIRM IS WARNING
THAT A FEDERAL SHUTDOWN COULD
THAT A FEDERAL SHUTDOWN COULD
NEGATIVELY IMPACT THE US RATING
NEGATIVELY IMPACT THE US RATING
.
.
MEANWHILE, COSTCO IS NOW
MEANWHILE, COSTCO IS NOW
OFFERING MEMBERS VIRTUAL
OFFERING MEMBERS VIRTUAL
DOCTOR VISITS.
DOCTOR VISITS.
ABC NEWS BUSINESS REPORTER
ABC NEWS BUSINESS REPORTER
ALEXIS CHRISTOFOROUS HAS
ALEXIS CHRISTOFOROUS HAS
MORE ON THAT AND.
MORE ON THAT AND.
>> YOUR OTHER BUSINESS
>> YOUR OTHER BUSINESS
HEADLINES.
HEADLINES.
ALEXIS, WHAT ARE YOU WATCHING
ALEXIS, WHAT ARE YOU WATCHING
TODAY, WATCHING THIS POSSIBLE
TODAY, WATCHING THIS POSSIBLE
SHUTDOWN?
SHUTDOWN?
DIANE BECAUSE A GOVERNMENT
DIANE BECAUSE A GOVERNMENT
SHUTDOWN COULD THREATEN
SHUTDOWN COULD THREATEN
AMERICA'S TOP TRIPLE-A RATING.
AMERICA'S TOP TRIPLE-A RATING.
THAT IS THE WARNING FROM
THAT IS THE WARNING FROM
CREDIT RATINGS AGENCY MOODY'S,
CREDIT RATINGS AGENCY MOODY'S,
WHICH SAYS A FEDERAL SHUTDOWN
WHICH SAYS A FEDERAL SHUTDOWN
WOULD BE NEGATIVE FOR
WOULD BE NEGATIVE FOR
OUR COUNTRY'S DEBT.
OUR COUNTRY'S DEBT.
A SHUTDOWN COULD GO INTO EFFECT
A SHUTDOWN COULD GO INTO EFFECT
SUNDAY, FURLOUGHING MILLIONS
SUNDAY, FURLOUGHING MILLIONS
OF WORKERS AND BRINGING A HALT
OF WORKERS AND BRINGING A HALT
TO PARTS OF THE FEDERAL
TO PARTS OF THE FEDERAL
GOVERNMENT.
GOVERNMENT.
MOODY'S IS THE LAST OF THE
MOODY'S IS THE LAST OF THE
THREE MAJOR CREDIT RATING
THREE MAJOR CREDIT RATING
AGENCIES YET TO HAVE DOWNGRADED
AGENCIES YET TO HAVE DOWNGRADED
OUR COUNTRY'S DEBT.
OUR COUNTRY'S DEBT.
STANDARD AND POOR'S DOWNGRADED
STANDARD AND POOR'S DOWNGRADED
THE U.S. BACK IN 2011 FOLLOWING
THE U.S. BACK IN 2011 FOLLOWING
THE DEBT CEILING STANDOFF.
THE DEBT CEILING STANDOFF.
AND FITCH KNOCKED AMERICA'S
AND FITCH KNOCKED AMERICA'S
RATING DOWN ONE NOTCH AFTER
RATING DOWN ONE NOTCH AFTER
THE MOST RECENT DEBT CEILING
THE MOST RECENT DEBT CEILING
DEBATE.
DEBATE.
UPS SAYS IT PLANS TO HIRE
UPS SAYS IT PLANS TO HIRE
MORE THAN 100,000 SEASONAL
MORE THAN 100,000 SEASONAL
WORKERS.
WORKERS.
THAT'S ABOUT THE SAME AS PAST
THAT'S ABOUT THE SAME AS PAST
THREE YEARS.
THREE YEARS.
BUT NOW THOSE WORKERS WILL BE
BUT NOW THOSE WORKERS WILL BE
GETTING HIGHER PAY AS PART OF A
GETTING HIGHER PAY AS PART OF A
TENTATIVE CONTRACT AGREEMENT
TENTATIVE CONTRACT AGREEMENT
WITH THE TEAMSTERS UNION.
WITH THE TEAMSTERS UNION.
SEASONAL PACKAGE DRIVERS
SEASONAL PACKAGE DRIVERS
WILL MAKE $2 MORE AN HOUR OR
WILL MAKE $2 MORE AN HOUR OR
$23, WHILE PACKAGE HANDLERS
$23, WHILE PACKAGE HANDLERS
WILL GET $21.
WILL GET $21.
THAT'S NEARLY $7 MORE AN HOUR
THAT'S NEARLY $7 MORE AN HOUR
THAN LAST YEAR WHILE ONLINE
THAN LAST YEAR WHILE ONLINE
SHOPPING HAS SLOWED FROM
SHOPPING HAS SLOWED FROM
THE HEIGHT OF THE PANDEMIC.
THE HEIGHT OF THE PANDEMIC.
UPS EXPECTS HOLIDAY SHIPPING
UPS EXPECTS HOLIDAY SHIPPING
VOLUMES TO BE DOUBLE WHAT THEY
VOLUMES TO BE DOUBLE WHAT THEY
WOULD BE ON A NORMAL DAY
WOULD BE ON A NORMAL DAY
AND FOR ABOUT THE COST OF SIX
AND FOR ABOUT THE COST OF SIX
COSTCO ROTISSERIE MEMBERS
COSTCO ROTISSERIE MEMBERS
OF THE WAREHOUSE CLUB CAN NOW
OF THE WAREHOUSE CLUB CAN NOW
VISIT A DOCTOR ONLINE.
VISIT A DOCTOR ONLINE.
COSTCO IS PARTNERING WITH THE
COSTCO IS PARTNERING WITH THE
ONLINE MARKETPLACE STARTUP
ONLINE MARKETPLACE STARTUP
SESAME TO OFFER ITS MEMBERS
SESAME TO OFFER ITS MEMBERS
VIRTUAL HEALTH CHECK UPS FOR
VIRTUAL HEALTH CHECK UPS FOR
AS LOW AS $29.
AS LOW AS $29.
SESAME SAYS ITS LOW COST HEALTH
SESAME SAYS ITS LOW COST HEALTH
CARE, THE UNINSURED AND THOSE
CARE, THE UNINSURED AND THOSE
WITH HIGH DEDUCTIBLES WHO NEED
WITH HIGH DEDUCTIBLES WHO NEED
TO PAY IN CASH.
TO PAY IN CASH.
COSTCO JOINS RETAIL GIANTS
COSTCO JOINS RETAIL GIANTS
WALMART AND AMAZON, WHO OFFER
WALMART AND AMAZON, WHO OFFER
HEALTH CARE SERVICES.
HEALTH CARE SERVICES.
DIANE?
DIANE?
ALL RIGHT, ALEXIS CHRISTOFOROUS
ALL RIGHT, ALEXIS CHRISTOFOROUS
,THANK YOU.
,THANK YOU.
SURE.
SURE.
AND IF YOU HAVE ANY FINANCE
AND IF YOU HAVE ANY FINANCE
QUESTIONS OF YOUR OWN, YOU CAN
QUESTIONS OF YOUR OWN, YOU CAN
This transcript has been automatically generated and may not be 100% accurate.