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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

FORT MITCHELL, Ala. – A 5-year-old boy was struck and killed by a vehicle on a busy Alabama highway Sunday night after reportedly being forced out of a car as punishment.Russell County Sheriff Heath Taylor told WTVM that the boy, Austin Birdseye, was riding in the car with his mother’s boyfriend, 35-year-old Bryan Starr, when the child began “being unruly.”Taylor told CBS News that Starr had taken the boy on a drive that night to “calm him down” after he acted up at home.During the drive, Taylor says Starr pulled over, told Birdseye to get out of the vehicle and then lost sight of him in the rain. The boy ended up wandering onto Highway 165 in Fort Mitchell, where he was fatally hit, according to the sheriff.Starr was arrested on a murder charge, but he has since bonded out of jail, CBS reports. If convicted, he could reportedly face 20 years to life in prison.Taylor believes Starr made a horrible decision. He said he understands trying to discipline the child, but the way Starr did it was “mind-boggling.” He told CBS that it serves as a lesson to parents.“There's way to discipline your child, but we have to do it the right way and we can't do it in a way that's going to potentially bring harm," Taylor said.Starr is in the military, stationed at Fort Benning. In a statement obtained by WTVM, the U.S. Army post said it is deeply saddened by the tragic event and is cooperating with local law enforcement. 1433

FREDERICK, Md. – A Maryland man is facing federal charges after allegedly threatening the lives of Democratic presidential nominee Joe Biden and his running mate Kamala Harris.A federal criminal complaint filed Thursday charges 42-year-old James Dale Reed of Frederick with threatening a major candidate for president or vice president.An affidavit filed in support of the complaint says a letter threatening the former vice president and current U.S. senator was left on the doorstep of a Frederick resident in the early morning hours on Oct. 4.The handwritten letter included the follow passage: (Warning: It is graphic and disturbing) 645

For many 5-year-old kids across the country, kindergarten is an exciting first introduction into the classroom. But this year, schools are grappling with growing COVID-19 cases and declining kindergarten enrollment numbers."In terms of our kinder cohort, we usually have about 23,000 students registered in Miami-Date County schools for kindergarten. Right now, as of this week, we have a total of 14,724 registered already for next year," said administrative director Berena Cabrera, with Miami-Date County Public Schools in Florida.Cabrera says the district is tackling a 40-percent decline in kindergarten enrollment, and other public schools across the country are dealing with a similar situation.At Visalia Unified School District in central California, kindergarten enrollment is down by 15 percent. At Poway Unified School District, near San Diego, they're seeing 5 percent less kindergarten students enrolling. Fulton County Schools in the Atlanta, Georgia area reports 12 percent less students are enrolled in kindergarten for the upcoming school year."Kindergarten is critical. It is the foundation of a successful student. And in Florida, it is mandatory for students to start kindergarten," said Cabrera.While kindergarten isn't mandatory in all states, educators agree it's an important beginning to a student's education. Rising coronavirus cases in communities combined with public schools having to tackle the virus head-on, has prompted some parents to turn to private kindergarten.Primrose Schools, which offers private daycare, preschool and kindergarten at more than 400 locations across the country, says they've seen a massive increase in interest, especially for those parents whose local districts are offering a virtual-only program this fall."Many of the working parents, obviously, they’ve got to have childcare. Where they would have had before and after school care now they're going to need full day. So, what we’ve seen is our schools responding rapidly by many of them opening up classrooms to kindergarten programs," Jo Kirchner, CEO of Primrose Schools, said.Kirchner says some of their locations are adding kindergarten classrooms to accommodate the increased interest. Their schools offer a 1:10 teacher to student ratio, plus heightened sanitation protocols."Even the parents who stay home with their children, who now find themselves virtual versus sending them to school, don’t really have the skill sets to provide the academic learning support the children need,” Kirchner said. “Kindergarteners have a fairly short attention span so distance learning is not the best environment for a kindergartner.”While kindergarten families across the country consider their options, Miami-Dade County Public Schools is converting a lot of their enrollment from paper to digital. Additionally, they're doing a big push on the district's website and social media."We’re hopeful that registration does pick up in the coming weeks. We are rolling out with a major marketing campaign, and we’re trying to let the parents know that there are staff in our schools that are registering," said Cabrera.Cabrera adds, whether kindergarten is in-person or remote learning this fall, she hopes parents will enroll their children for this crucial first start to their academic career. 3309

Florida lawmakers celebrated the passage of a school safety bill on Wednesday in response to last month's shooting in Parkland. But the bill left some with a new concern.Black and Hispanic Democrats joined civil rights groups in warning that part of the Marjory Stoneman Douglas High School Public Safety Act could have deadly unintended consequences for students of color.The provision establishes a voluntary "guardian" program that allows personnel who meet certain criteria to carry firearms in schools?.Democrats in the Republican-controlled House and Senate fought unsuccessfully to remove the controversial provision from the bill, also known as SB 2076. They argued that minority students -- who are often subject to disproportionate levels of punishment compared to their white counterparts and are more likely to be mistaken for perpetrators -- could become targets."My voice was never heard," lamented Miami-area Democratic Rep. Roy Hardemon. "No one heard our cry."Florida Gov. Rick Scott has been a vocal opponent of arming teachers. But he has not said definitively whether he would veto a bill that includes the provision.NAACP President and CEO Derrick Johnson called the idea of arming teachers "irresponsible." He said he hoped the governor would be more responsible than lawmakers who voted in favor of SB 2076."Our concern is not only black and brown students but all students who could be harmed," Johnson said.Fears of implicit bias 1462