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Forget about drones and armies of people driving Amazon trucks. One big Wall Street firm thinks Amazon's plan to build up its air freight delivery service may be what really winds up hurting UPS and FedEx.Morgan Stanley analyst Ravi Shanker said in a report Tuesday that both delivery giants could lose 10% of their revenue to Amazon Air by 2025. Shanker cut his price targets on UPS (UPS) and FedEx (FDX) and both stocks plunged more than 6% as a result.It was a particularly gruesome day for transportation stocks due to worries about the broader economy and confusion about the status of US-China trade talks.The Dow Jones Transportation Average, which includes FedEx and UPS as well as leading airlines, truckers and railroads, fell 4.4% -- its worst drop since June 2016.But Shanker paints a picture that should be extremely worrisome to UPS and FedEx.He notes that Amazon (AMZN), which currently is leasing 40 cargo jets, could eventually have 100 planes running and estimates that the planned Amazon Air routes could overlap with more than two-thirds of the volume flown by UPS and FedEx.That's bad news for both companies since Shanker said that UPS and FedEx each generate nearly 20% of their overall revenue from US air deliveries.Amazon has made big investments to bulk up Amazon Air. In the past few years, it has bought stakes in two freight delivery airlines -- Air Transport Services Group (ATSG) and Atlas Air Worldwide Holdings (AAWW).It also announced plans to invest .5 billion in order to build an Amazon Air hub on more than 900 acres of land that it is leasing near the Cincinnati/Northern Kentucky International Airport. Amazon bought an additional 210 acres earlier this year.There's a simple reason why Amazon will want to handle more of its own air deliveries. According to Shanker, Amazon could save between billion and billion next year. That works out to about 3% to 6% of its global shipping costs.But on a day when the broader market was tanking, investors didn't seem too enthusiastic about Shanker's thoughts on Amazon either. Shares of Amazon fell nearly 6%. 2113

FedEx said Monday they are planning to hire 70,000 seasonal workers as they head into the holidays.In a hiring statement on its website, the shipping company said most of those hired for its "peak season" would be added to its FedEx Ground network."As our team of more than 500,000 team members is busy preparing to deliver the holidays, we once again expect to see a large number of packages traverse our global network over the 2020 peak holiday shipping season," FedEx said. "In order to provide the best possible service during this busy time of the year, FedEx is increasing hours for some existing employees and boosting our workforce with seasonal positions, as needed." The Memphis-based company added that it expanded FedEx Ground’s year-round Sunday residential coverage to nearly 95% of the U.S. population, which went into effect Sunday. 857

First it was Hurricane Harvey, then Irma. And in the end, millions of people desperately need help.If you weren't directly affected and would like to chip in, the good news is that many companies will let you double your donation.How to extend your giftThe American Red Cross has become the go to charity for victims of both hurricanes. And it has partnered with a number of big corporations, who are promising to match your gift, giving it double and even triple the impact.If you are in Walmart or Sam's Club in the coming days, look for signs at cash registers explaining how to donate and get their match, through Saturday, Sept. 16. Walmart has promised to match donations two-to-one with cash or products.You can do it in store, or at Walmart's website.Also, many employers are doubling their workers donations.Apple, Facebook, Google, Microsoft and AT&T are among those who have been matching employee gifts, some two-to-one. Be sure to check with your specific employer to see if they're offering a similar initiative.Beware of donation scam emailsBut be cautious of scammers who want to take your donations.Watch out for email phishing scams claiming to be from the Red Cross and other charities, asking you to donate. Several federal agencies, including the Federal Trade Commission and the Department of Justice, are warning consumers to be wary of bogus emails related to the hurricanes.You should know that scammers may use names that are similar to reputable charities. Those copycats may misspell the organization's name or make a subtle tweak, hoping you don't notice. The federal agencies also say you should avoid cash donations when possible, and never write checks to individuals claiming to be victims.If you are not sure about a charity, especially one that calls or emails you, do not agree to help them out.First, look them up online at guidestar.org, give.org, or the Better Business Bureau, and check them out, so you don't waste your money._________________Don't Waste Your Money” is a registered trademark of Scripps Media, Inc. (“Scripps”)."Like" John Matarese on FacebookFollow John on Twitter (@JohnMatarese)For more consumer news and money saving advice, go to www.dontwasteyourmoney.comContact John at jmatarese@wcpo.com 2290

Feeding America, a network of 200 food banks across the United States, expressed concern on Wednesday on pending legislation that could strip food stamps from the Supplemental Nutrition Assistance Program away from nearly 3 million Americans. House Resolution No. 2 is up for consideration by the House of Representatives, which would add employment stipulations to some food stamp recipients, and their families. Feeding America's primary concern is that the nation's food banks will not be able to handle increased demand if the legislation becomes law. "Feeding America's nationwide network of member food banks will not be able to make up for the lost meals," Feeding America said in a statement. "We urge lawmakers in the House to reconsider their approach and amend their legislation before sending it to the Senate to ensure that the final legislation does not take food off the table for families who need it."According to a Congressional Budget Office projection, the federal government would reduce spending on direct benefits by .2 billion from 2019 to 2028. But the CBO claims it would cost the federal government in additional .7 billion in administrative costs to enforce the employment requirement. Overall, the federal government would be projected to save .5 billion over the 10-year period if the employment requirement is enacted. The CBO said that beginning in 2021, food stamp recipients between the ages of 18 and 59 who are neither disabled nor caring for a child under the age of 6 would need to either work or participate in a training program for 20 hours each week; that requirement would increase to 25 hours each week in 2026.The push to add work requirements to those receiving government assistance got a boost last month when President Donald Trump signed an executive order, which was intended to reduce poverty. "As part of our pledge to increase opportunities for those in need, the Federal Government must first enforce work requirements that are required by law," the executive order, signed by Trump on April 10, reads. "It must also strengthen requirements that promote obtaining and maintaining employment in order to move people to independence."Spending on food stamps is part of a larger "Farm Bill" legislation. The total cost for the Farm Bill is 7 billion from 2019 to 2028. The farm bill includes spending on rural development, farm subsidies, crop insurance, in addition to food stamps.  According to USDA figures, 41.2 million people lived in food-insecure households. Nearly 40 million people received Supplemental Nutrition Assistance Program benefits, as of February 2018. The 3 million who would stand to lose access to food stamps represent 6.5 percent of recipients. "The harsh cuts to the Supplemental Nutrition Assistance Program included in the House Farm Bill would hurt Americans facing hunger across the country and reverse decades of progress in addressing food insecurity across the United States," Feeding America added in a statement. 3111

Fourteen ducklings were rescued by Suffolk County Police after they fell into a storm drain on Long Island Sunday morning.It happened around 9:20 a.m. when authorities received a 911 report about several ducklings that fell into a storm drain and the mother duck was waiting nearby in front of Napa Auto Parts in Bay Shore.Officers Jack Ward and Joseph Bianco responded and removed the grate covering the drain and were able to grab four ducklings, police said.The others retreated into the tunnel, becoming unreachable, according to police.Another officer responded to the scene and downloaded a duck-calling app, which attracted the ducklings to the sound, coming back into reach, said authorities.All but one of the remaining ducklings were retrieved.Another officer arrived and retrieved the last duckling with a net, said policeAll 14 ducklings were reunited with the mother duck. 893