alix: what do jetblue and spirit do? what are the next steps?uitor for spirit. there was a conversation back when there was a bidding war. would frontier look at this asset if the deal with the jetblue fell apart? that is a hard argument to make. you've seen antitrust regulators target not only this deal but jetblue's marketing alliance with american airlines. that would be risky for frontier. it would be wiser to wait and see what happens to that hawaiian airlines sailed to alaska that will also get a tough look by regulators. that has a better shot because it is regionally focused, whereas spirit and jetblue would build a national footprint to challenge top legacy airlines. as far as what jetblue does, it has to focus on his own operations. it is not immune to the factors that have been weighing on spirit, domestic oversupply, trying to figure out how to rebalance its cost structure in the wake of higher fuel and operating costs. there is more jetblue could do in-house without taking on the disruptions of this market. alix: thank you very much

spirit was all about accelerating jetblue growth, accelerating the jetblue, experience, bringing to morean-b will do just that but on a bit of a slower pace. we have a great product, great service. we operate in some very, very strong markets, new york, boston. and we need to redouble our efforts around our organic plan, restore profitability. that has got to be our goal. and focus on the fundamentals and the basics of this business. >> let's talk about that plan-b. a big part of what you talked about on the analyst call today was driving greater revenue. i think 300 million is what you guys outlined. in part, largely because of growing ancillary revenue. getting more from your customers, if you will. how do you plan to do that? >> correct. yeah, we have $300 million of revenue initiatives, 15 million discreet initiatives within there. a number of them focus on how we segment the cabin, making sure that we're delivering the right product to the right customer at the right price. we have a product that meets a lot of different customer segments from the more price sensitive customer to th

without jetblue.on: outside of exploring legal options, what comes next for these companies, and you alluded to really what comes next for the low-cost carrier market. george: i guess jetblue has to figure out where they want to go from here. my guess is they will be able to contest something like this. i wonder if they would because they put a pretty heavy premium on top of spirit, making the offer at well before we have seen the slide in airline shares that we have been over the last bunch of months. so it makes you wonder if it could be in the market that has too much capacity. the onshore low-cost carriers, i don't see it as a separate business units. they are in there competing with, even on the back of delta, american and united, they are unaltered low-cost carrier and competing against everybody for the most price-sensitive customer and right now it feels like that price-sensitive customer could be under pressure from the higher inflationary costs we have seen, higher interest rates, maybe the

i think jetblue fits into that segment right now. i don't think there's any bargains on jetblue unless you happen to get it on a cold dale in wherever, whether or not flying in the south. i actually think -- it would be the opposite of that, as i think about this i think ultimately airlines get back to a lot of cyclicality, in terms of how they're run and probably in terms of the business and we though good news for airlines is the expensive, the premium, the transcontinental, the first class thashlgs's picking up it's all we hear about from united and delta that's, to me, what i care more about, but what we always care about with airlines, they run their businesses as efficiently as possible and they're guilty of mostly not doing that especially when times get good, and that's when they go bad. >> all right. >>> coming up, the trouble trade in china right now stocks dropping across the board as major etfs hit new multi-year lows how the taiwan election results and a rare tech giant price cut is impacting that trade coming up next. >

phil >> tyler, we are looking at a decision in the jetblue spirit merger case, and it is against jetblue and spirit merging the doj victorious a judge has decided this merger will not go through. take a look at shares of jetblue and spirit you see the reaction that you are seeing, especially with spirit, down 47% a judge, again, deciding that the doj has prevailed in proving that it would hurt competition if jetblue and spirit were to merge. so as a result, you will not see this merger between jet blue and spirit again, doj victorious in this case >> is there any route of appeal for spirit and/or jetblue here >> i would assume that there is, but i don't know for sure, tyler. and then the question becomes if you are a jetblue and spirit, do you want to try to pursue an appeal this has been a long process, and even though people said from the beginning, look, with this doj, you know that they were going to go against it, but they -- remember, they outbid frontier jetblue did, in order to get this spirit deal announced and spirit agreed to it. so now the question is, do you want to go throu

they say not so fast about that deal with jetblue. we are going to tell you why.sing bell, is coming right back how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. hi, i'm kim, and i lost 67 pounds on golo. when i go out with people, you've got more options than you know. they expect me to eat like a bird. they are shocked by the amount of food i eat while losing weight. with golo, i don't need a cheat day because i get to eat the foods i like any day of the week. here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloa

the failed merger with jetblue and spirit. i was speaking to ed bastian.said it used to be the race to the bottom of the low fareses. n now it is low options. >> i think when mr. bastian's comments make sense over which airlines are doing well now is the airlines offering something beyond main cabin. premium cabin or loyalty program revenue. we have seen a post-pandemic pivot away from no-frills seating. most people are no longer in the office five days a week. this pre-pandemic pattern of flight out sunday night is gone. it is broken down. that shift or demand has moved away from ultra low cost. at same time, the u.s. doesn't have the air traffic control capability for a lot of airlines that do the very high blackout utilization pre-pandemic. that business model is in a tough spot. >> are the low-cost carriers going away? >> i don't know if that whole sub sector disappears, but i imagine that sector is going through soul searching. if one looks at pre-tax margins, they used to have high pre-tax margins pre-pan ddemic. we are seeing those for the reasons i

they also prevailed endorsing jetblue and american to unwind their northeast alliance they have thatin and this win blocking the spirit and jetblue merger. >> phil, thank you very much phil lebeau reporting for us. >>> coming up, the goldman standard goldman sachs bhoeing away earnings estimates plus, top executives weighing in across the network today we'll recap the key take aways in three-stock lunch "power lunch. we'll be right back. dad, we got this. we got this. we got this. we got this. life is for living. we got this. let's partner for all of it. edward jones >>> welcome back to "power lunch. earnings season heating up today with results from more big banks. let's bring in leslie picker hi, leslie >> hey, contessa yeah, morgan stanley results weighing on the stock today. currently down a little more than 5%. most analysts have described the quarter as effectively just okay and the stock reaction is reflective of that there was a slow down in net new assets into wealth management leading to flat revenue in that division during the quarter. here is the title of the note, they d

if they don't, jetblue is going to be lucky to be a $3 stock.now what the doj would say, they don't care about a stock price, they care about competition. that would be their argument here. and in terms of investors, look, if this were rejected, do i think it's a positive for the stock? no, i don't think it is. on the other hand, there is some clarity and jetblue could say okay, we know that this isn't going to happen. how do we grow the airline from here? >> true. either way, the successor will have their work cut out. phil, thank you. now over to tyler mathisen for the krcnbc news update. >>> ray epps, a january 6th rioter was september tensed to a year of probation. he expressed regret for believing the lies that the election was stolen. he pleaded guilty in september to a misdemeanor charge, and prosecutors argued that he had encouraged the mob to storm the capital and recommended time behind bars. he has been in hiding due to death threats from accusations that he was an operative planted by the government. >>> the nfl is offering buyouts t

reuters is reporting that spirit is pushing jetblue over the block the merger urging jetblue to exhausto complete the deal. it under sscores the heads line with the spirit options. >> reporter: you said limited options. melissa, they don't have a lot of good choices. drop it all together and look at the finances? we have dock uumented this and will talk more next hour how quickly they can run out of cash and file bankruptcy. there is the possibility they could face liquidation. spirit is not planning on liquidating. the best option at this point is to say to jetblue appeal. if you appeal, we have a shot at this coming together. if you are jetblue, you are looking at this saying okay, this spirit is worth far less than originally. we got shot down with the northeast alliance and shot down the first time on merging with spirit. do we think it will succeed on appeal? >> all right. phil, we look forward to the next report next hour. >>> coming up, lawmakers agreed on a deal to avoid a shutdown, but still big clouds hanging over capitol hill like taxes and massive debt and the race for the w

geraghty joined jetblue back in 2005 and has taken an increasing prominent role at the new york based airline in recent years. jetblue is the country's sixth biggest airline by revenue. >> a dramatic story out of southern california. a woman rescued after being stuck in her car for days. the details coming up in tonight's west coast drought and construction plans still being worked out for people's park, despite major pushback from protesters, was the latest on the dramatic security measures in place in berkeley. plus a quarter million micro plastics detected in our bottled water. coming up, a breakdown of the report released just today tonight's west coast rap. >> a second defendant pleaded not guilty in that case. according to a grand jury indictment unsealed last month. the two men, reportedly working with others, killed about 3600 birds on montana flathead indian reservation over a six year period, starting in 2015. the defendants are also accused of selling eagle parts on a black market on the black market. that has been a long running issue for us wildlife officials in colorado.

. >> guys, jetblue-spirit deal may be in trouble. just wanted to share that. >> you think so?>> thank you, carl i'm just reading it here as well the conditions to the deal may not be satisfied prior to the date set forth in the merger agreement, and accordingly, the merger agreement may be terminated on or after january 28, 2024 jetblue telling spirit that in terms of those certain conditions being required not being met, of course, as we know, given the opposition from the antitrust authorities, the agreement of a federal judge, they continue to evaluate their options. you see what spirit shares, which bounced a bit on the fact that it appeared perhaps they were going to be moving forward with the appeal. >> yeah. i think people should move on if you're in the stocks i would move on. >> most have already moved on. >> that's not going to work out there. >> also got a bankruptcy filing from the brazilian carrier >> i remember when that came public >> layoffs, jim. we want to get to the list, and it's growing the last couple of weeks, but levi's in there as well 10 to 15% after

why spirit and jetblue a's 's $ billion deal could never take off. >>> it's wednesday, january 17 "early today" starts right now glad you're with us, i'm frances rivera we begin with the latest in the race for the white house right after his big win in iowa, donald trump was here in new york he was back inside a manhattan courtroom as jury selection began for a defamation trial brie jackson joins us now. which case pulled donald trump away from the campaign trail this time? >> reporter: so the former president was in court for jury selection in the civil damages trial. and the separate case last year, a civil jury found that trump sixx s sexua sexually assaulted assaulte e.n carroll and defamed her. he says he does not know carroll. his focus now is the new hampshire primary, and his biggest challenge there shaping up to be former u.n. ambassador fl nikki haley. as haley puts it, she is in striking distance ard doing to tdistance >> nikki haley is counting on liberals and independents to infiltrate your republican party. you have a group of people coming in. they're not republicans. it's

>> this case was really about the fact that competition between jetblue and spirit is meaningful, andlected in the judge's opinion. in addition to that petition, the court amply found evidence that spirit helps competition across the board and brings airline prices down for the entire industry. that means the existence of spirit and its effect on the market helps all consumers in the united states, regardless of whether you fly spirit or not. i'm aware of reports around the continued financial viability of spirit. ultimately, i think that is up to spirit but i will say the companies made those arguments in federal court and ultimately our judge did not find that persuasive. instead, he found that spirit is a product that helps families who otherwise wouldn't be able to go on vacation. and helps the college student who would be able to come home, but for spirits prices. this victory is about all of them. this is about the american consumer and the ways that they benefit from vibrant and open markets, including in the airline industry. >> the judge was not persuaded and the argument was

jetblue made a plan to buy spirit which would have pushed jetblue up to the fifth largest airline in country. not everyone was in favor of this. president biden's justice department sued to stop the merger saying it would drive up the cost of flying. the judge said eliminating spirit would her customers that rely on the low prices to travel. neither airline has commented on the decision. on the decision. >>> someone has reached egot thousands of women with metastatic breast cancer are living in the moment and taking ibrance. ibrance with an aromatase inhibitor is for adults with hr positive, her2 negative metastatic breast cancer as the first hormonal based therapy. ibrance plus letrozole significantly delayed disease progression versus letrozole. ibrance may cause low white blood cell counts that may lead to serious infections. ibrance may cause severe inflammation of the lungs. both of these can lead to death. tell your doctor if you have new or worsening chest pain, cough, or trouble breathing. before taking ibrance, tell your doctor if you have fever, chills, or other signs of in

stuart: spirit airlines, jetblue. >> look at spirit go down 17.5%, jetblue is up.blue told spirit that it might have its merger agreement, a federal judge blocked this 3.8 tie up and jetblue is telling spirit they might not meet certain conditions and it might be done this we can. weekend. stuart: i will never invest in an airline. pinterest. >> it is up 2%. i asked seeing a lot of amazon ads recently on pisa but interest and that could move the needle if they keep their buy rating and say the stock is going to 50, it's 37 and change. stuart: thank you very much. democrat strategist james carville you should a warning to the media about the november election, watch this. >> what i'm obsessed with his stop treating him like he is a normal candidate, this is some sort of bob dole mitt romney. this is really not but if you look at this, there's a chance the trump could win this election. the way that he wins is he is treated as a normal candidate. stuart: tammy bruce joins us now. he wins if he is treated as a normal candidate. don't treat him as a normal candidate. >

if we can lose that apple chart and maybe put up jetblue shares, you can see jetblue is up more than, i believe, about 6.8%. now, from airlines to the world's leading plane manufacturer, the intraday chart of boeing is not a pretty one. we do have boeing not even at the lows of the session, but just off them at the moment, down $17.42 or 8%. we've got the intraday at the moment at $200 a share, but it fell as low as $199 and change. look at this 1-month chart. the aerospace giant's stock has now entered a bear with market. we've got it down about 2 21% since its december high. the headline that is slamming the stock at this hour is the continued fallout of what began on january 5th, this, when the door plug -- that's a portion of the 737 max 9 jet's fuselage -- that was put in place instead of an emergency exit door blew out while the alaska airlines plane was mid-flight. the company has now named an independent quality adviser, and now china's southern airlines has further delayed deliver rays of 737 max jets, not even the same kind as the one in question with alaska, because it want

us judge concluded that if jetblue was allowed to move ahead with its $3.8 billion deal to buy spiritose out. now, the proposed merger would have created the nation's fifth largest airline. and while that would have put it in a stronger position to put pressure on the big four carriers that dominate the american market, it was written in the ruling that it would also have hurt consumers who depend on the discouncil carrier, spirit, for low prices. he said that there were no bad guys in this case, stating that the two companies were just trying to maximise shareholder value, while the department ofjustice — well, it was trying to speak up for consumers who otherwise would have no voice. jetblue and spirit said in a joint statement that they disagreed with the ruling and were considering the next steps. now, the decision not only underscores the critical role that low—cost carriers play in the us market, it's also a win for the justice the us market, it's also a win for thejustice department, which has been increasingly outspoken on competition issues underjoe biden. and which still has

if jetblue -- if spirit have those issues, that has inherent risk.ebt profile within spirit. my understanding is this. you have debt coming due in september 2025. i found a fact. that's the one line of debt coming to maturity in september 2025. in the broader context of what is the debt pile for spirit, citibank's note gave me this data. they said the debt sheet has risen from $3.3 billion to $5.5 billion. that's the weight of debt that needs to be resolved. they have modified the revolving credit line in november. we need more detail on that. will your credit lines help you through? what do you pay to refinance and will you make it through? it is not just spirit that will face this. scarlet: spirit is facing this first. the big issue is that a lot of analysts anticipated, if the deal did not go through, it would have no choice but to file for bankruptcy protection. spirit have 1.3 billion dollars of liquidity as of the end of december last year and it's taken several steps to shore up its liquidity during the fourth quarter. we will keep you posted.

phil lebeau with news on jetblue leadership change. how do you start thinking about this boeing story? we've been here before, it seems like, seems like -- there were no casualties, it's not, you know, many plane crashes, it's -- there are differences. >> yeah, i mean, thank god for that, and that plane landing in a suburb, how horrific could that have been? but i think that it gets a little worse before it gets better. and maybethat is the 220 level. but i looked at airbus today, it was -- i think like has happened in boeing several times before, ultimately, they will get through this and it will be a speed bump. >> this company's lost money for the last five years since they had the two very deadly crashes in 2018, 2019. there's been -- >> i just want to say something. they had covid to deal with this. it was that every airline grounded and didn't order new jets. i think that was the bigger issue. >> in '18 and '19, they had lots of, you know, canceled orders and the like. yes, covid, but again, your point about, like, $12 billion in

aus a usjudge concluded that a us judge concluded that if jetblue was allowed to move ahead with itsbuy discount airline spirit, that consumers would lose out. the proposed merger would have created the nation was safe with largest airline and while that would have put it in a stronger position to put pressure on the big four carriers that dominate the american markets, thejudge american markets, the judge wrote american markets, thejudge wrote in his ruling that it would also have hurt consumers who depend on the discount carrier spirits for low prices. he said there are no bad guys in this case, stating the companies are trying to maximise shareholder value. the department ofjustice was trying to speak up for consumers who otherwise would have no voice. jetblue and spirit are set in a joint statement they disagree with the ruling and were considering their next steps. the decision not only underscores the critical role for low—cost carriers play in the us market, it also a win for the justice it also a win for thejustice department, which has been increasingly outspoken on competit

jetblue claimed the $3.8 billion merger would have created the nation's fifth-largest airline.t tonight, jetblue and spirit saying they are evaluating next steps. >>> health officials are now alerting travelers about possible measles exposure. the person was traveling internationally, first arriving at dulles airport between 4:00 and 8:00 p.m. january 3rd, the next day, the same person going to terminal a at reagan airport between 2:30 and 6:30 p.m. health officials say those who have never received a measles vaccine may have been at risk. >>> and philadelphia eagles star jason kelce apparently retiring after 13 seasons. espn reporting he broke the news to teammates following last night's playoff loss to tampa bay. me's l he is beloved in philly. he and his brother travis famously went head-to-head in last year's super bowl between the eagles and the chiefs. travis won that one. >>> when we come back here tonight, the firefighter determined to save the dog. the incredible images right here tonight. ♪ voya ♪ there are some things that work better together. like your workplace be

emily: jetblue. last week we had southwest and alaska airlines and they talked about slowing growth and it seems like that's the same story for jetblue. their sales and earnings beat for the latest quarter but their first quarter revenue forecast was worse than expected. they see that declining 5% to 9% which was lower than estimates and they are weighing deeper cost cuts to return to profitability. there still some questions about that spirit airlines deal which they did not really address in the earnings but that stock is down 2%, as about 7.6% so coming back just a bit but still in the red. >> this was the last quarterly report for robin hayes. he stepping down february 12 so jetblue under pressure. you have ups up there as well. >> the headline is they plan to cut 12,000 jobs and ask everyone to come back to the office but i was thinking most of the ups drivers were in the office the whole time, but there's a lot of focus on that. they also missed their estimates like jetblue with the 2020 for gu

jetblue claimed the $3.8 billion merger would have created the nation's fifth-largest airline.te with delta and united. in a joint statement tonight, jetblue and spirit saying they are evaluating next steps. >>> health officials are now alerting travelers about possible measles exposure. after an infected person passed through two airports in washington, d.c. the unidentified person was traveling internationally, first arriving at dulles airport between 4:00 and 8:00 p.m. january 3rd. the next day, the same person going to terminal "a" at reg gone airport between 2:30 and 6:30 p.m. health officials say those who have never received a measles vaccine may have been at risk. >>> and philadelphia eagles star jason kelce apparently retiring after 13 seasons. espn reporting he broke the news to teammates following last night's playoff loss to tampa bay. he is beloved in philly. helping lead the team to its first and only super bowl win. he and his brother travis famously went head-to-head in last year's super bowl between the eagles and the chiefs. travis won that one. >>> when we co

they barely be on revenue two-point to 3 billion there is jetblue, obviously the?how you make money and what could happen was. airlines. maria: a quick break, we'll be right back, stay with us. ♪ i have type 2 diabetes, but i manage it well ♪ ♪ jardiance! ♪ ♪ it's a little pill with a big story to tell ♪ ♪ i take once-daily jardiance ♪ ♪ at each day's start! ♪ ♪ as time went on it was easy to see ♪ ♪ i'm lowering my a1c! ♪ jardiance works twenty-four seven in your body to flush out some sugar. and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects may include ketoacidosis that may be fatal, dehydration that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop jardiance and call your doctor right away if you have symptoms of this infection ketoacidosis, or an allergic reaction. you may have an increased risk for lower limb loss. call your doctor righ

jetblue warning about the spirit deal. a lot of question about the termination and when it would happen and whether the two sides agree. you have spirit airlines down 12.2% on the day as prospects look dimmer about this deal, given the moods we have seen from the government itself as well as jetblue that is now up about 2%, more than that a little on the day. we will shift gears and talk about the biden administration halting approval of new licenses to export liquefied natural gas while it is scrutinizing how shipments affect climate change, the economy, and national security. abigail doolittle has more on the market reaction. abigail: let's look at well because it is hard to know how much of it has to do with what you were just talking about. we have had gains for oil the last two weeks. oil is getting more than 4%, adding to its best week since the middle of october and not only is there that action from the biden administration you were just talking about, there is the fact that inventories this week came in lower than

today spirit tries to save its merger with jetblue and maybe its business as a whole.f collapse. >>> it's not just tech looking towards efficiency, wayfair and macy's both slashed their workforces. >>> we'll get a look at energy and some of the stocks trading at a discount now to the broader sector. s&p energy the biggest laggard of the year. >> if we look at the broader market, things are higher,

jetblue says it needs to acquire spirit to compete against even larger airlines. deal is valued at $3.8 billion. the airlines announced their intent to appeal after the stock market closed today. >> massive layoffs a today for one of the mostrillionecognizable magazine brands in the country, sports illustrated, in an email to employees, the magazine's publisher said it's licensed to use the brand name was revoked and layoffs are on the way. a statement from the union representing the brand's employees says this could possibly affect all workers represented by newsguild front office, sports reports. nonunion employees who are laid off will be let go immediately. it's not clear exactly how many people are losing their jobs or what this means for the future of sports illustrated. did stocks finished the trading week sharply higher, with both the dow and s&p 500 reaching new records. investors responded to new economic data that included a positive reading from the university of michigan's consumer sentiment gauge for january, the dow was up 395 points, a gain of 1, t

. >> good morning, frances so let's start off with jetblue. they've got a new ceo who will be taking over, who's currently the company's president and chief operating officer. he will take the helm of the company effective february 12. this year. of course had held different vice president positions as well and led jetblue's litigation he'll be serving on the board of directors. that is the former ceo there, robin hayes on the board of directors until that date. very interestingly, in other news, though, tiger woods and nike have separated of the they've parted ways. there is an end to that 27- yearlong relationship. he did join them after turning professional at the age of 20 in 1996 he has heearned 5-mi$500 millio that deal. >>> still to come. jo koy evaluates his golden globe performance, and will his purple highness be hitting the great white way? the details on an upcoming prince musical after this. upcom prince musical after this. i use. febreze has a microchip to digitally control how much scent is released so it doesn't fade. ooh. does

jetblue would acquire spirit. it would make them the largest airline. a judge blocked the merger.rit is low known for low merges. jetblue is sending a signal, it's fight is not over and says it will appeal the judge's this election is a choice between results or just rhetoric. californians deserve a senator who is going to deliver for them every day and not just talk a good game. adam schiff. he held a dangerous president accountable. he also helped lower drug costs, bring good jobs back home, and build affordable housing. now he's running for the senate. our economy, our democracy, our planet. this is why we fight. i'm adam schiff, and i approve this message. look mom, i found one. oh, yeah, you did. but we need an atm from our bank unless you want to spend a small fortune in fees. uh, no, thank you. banking with us means more fee-free atms than the two largest us banks combined. well, that would be convenient but there is no b-m-o here. ah, you can just call us bee-mo, and there is now. you know what else is convenient? mobile banking that makes it easy to track your goals and m

why would jetblue want anything to do with this business? >> low cost. >> a worse business than jetblue? you wouldn't think that is possible and they want to buy it? >> it didn't make any sense. they realized it a little late for the whole deal crashing. it shows bad karma. >> back to the conversation there before bill was talking about the jobless claims. if europe the fed, i don't see the economic slowdown talking about the consumer. >> higher rates drive more consumer spending. it makes no sense until you understand a lot of the spending taking place is people in the top half of the income and wealth distribution, driving the luxury goods, et cetera. why these people are spending more after 525 basis points worth of rate hikes? well, there's a wealth effect. the wealth effect is not just in the value of their house which, by the way, those have stopped going down six months ago and the wealth effect is not just the value of a 401(k), all-time highs for most normal people, but in how much cash your cash is throwing off. if you have six fig

are companies that we know, google, apple, amazon, live nation, unitedhealth, chevron, exxonmobil, jetbluee all companies that we know that we come in contact with on a daily basis. the decision outcome would reach every one of us, why go after the big businesses, one expert tells me it's an attempt for the body to administration to make his pitch that is representing the american people and standing up for the little guy pushing back of the big business but the experts warned that these moves can hurt consumers. >> the danger is by meddling with the business operations, they are going to harm our everyday lifestyles. when you have the administration try to get how these copies will operate you're going to see fewer of the services available. >> what's happening with jetblue and spirit illustrates the risk, the court sided with the d.o.j. last week saying a merger would reduce ticket options and drive upstairs, here's the thing after the court block the merger spirits share price plunged, gains were made after the airline announced they would appeal the court's ruling but spirit owes $6.6

judge called its deal with jetblue a violation of antitrust laws take a look at the shares this morning. in the red for the week, more than 55% of course, we also have to check the bond market with the 10-year yield holding above 4% we'll talk a lot more about bond moves later in the show. and energy a hot topic you're looking at oil on a decline partly due to the stronger dollar. down more than 2%. similar for brent crude, your international benchmark. >>> let's get a check on our top corporate stories. our bertha coombs joins us with more good morning. >> good morning, frank disney is rejecting nelson peltz's latest effort to capture board seats at the media giant saying the activist investor lacks new ideas and its former executive, referring to jay rusolo who peltz nominated to the board has been away too long they had a list of their 12 board nominees and the company disclosing it's had no less than 20 meaningful interacts with pelts since last february including the sitdown between iger and peltz, bob iger that is, and a november 21st phone call during which disney said peltz offe

we are waiting for gm and jetblue and pfizer.he numbers and market reaction straight ahead. >>> as we head to break, here is a look at the s&p 500 winners and losers from yesterday. >> announcer: executive edge is sponsored by at&t business. next level moments need the next level network. 's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) (grunting) at morgan stanley, old school hard work meets bold new thinking. ( ♪♪ ) partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old sc

. >>> a federal judge has blocked jetblue's multibillion-dollar purchase of spirit airlines.udge outlined numerous concerns in this ruling including increased fares for spirits customers, who often rely on the airlines cheap prices. the justice department sued to halt the proposed deal last spring, arguing that the merger would result in fewer choices for travelers, as well as higher fares. jetblue claimed the merger would actually work to lower fares. >>> speaking of taking to the skies, let's take a live look at sfo. the airport international terminal has a new name . today, officials unanimously voted to rename it in honor of the late senator dianne feinstein. feinstein served as sentences goes first mayor and first woman president of the board of supervisors. her work in developing the city's airport was a key account during her time as mayor. feinstein died at the age of 90 back in september after being the longest-serving woman senator in u.s. history. >>> if you have a trip planned at sfo, get ready for some delays. starting thursday, the airport will close one of its

and spirit you own jetblue, so no dice on this deal.t do we do that, almost down 10%? >> i'm surprised by that, to be honest we bought this before the spirit deal was announced the stock was up yesterday you would think investors would love that it's over. >> maybe they're trying to ask themselves the question, if the company needed to do a strategic of that magnitude and now it's off, okay, now what? >> and the question was, did they need to or want to? when we bought it our thesis was they would get back to $2 of earnings if can get back to $1, trading at $5 a share. when you're down this much on an investment, you really question yourself and go back and kind of start from ground zero >> hold on you took your own earnings expectation in half -- >> like a year ago >> yes >> how can you have the same view >> we don't. it was $14 a share we thought it would get to $2 a share. spirit deals announced, everything dps high wear, that $2 of earnings is presuming everything would go back to a prepandemic setup, so everything has changed. i th

from acquiring spirit saying it would drive up fares for price-sensitive consumers jetblue proposedhase of spirit would produce the fifth-largest airline, spirit stocked on 25% will jetblue down 40% in the last year, one consideration if you look at the m&a expectation is what the u.s. government will say about it. stay with us. we'll be right back. in a rocky mountain setting? spanning over 280,000 acres, three forks ranch is the destination for luxury and adventure. enjoy private skiing with 23 runs for every level. kick back for intimate performances from the best in country music. enhance your wellness and longevity through our mayo clinic programs, or plan your meeting for a memorable corporate retreat. discover the west kept secret. go to threeforksranch.com to book your luxury experience. there are some things that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. so you can feel confident in your financial choices. voya, well planned, well invested, well protected. ♪ i have type

william: separately, a judge recently blocked the merger of jetblue and and spirit airlines, arguing would be harmful to consumers. is that a relevant factor here? and what does that tell us about the ongoing economics of airline flying? oriana: for the last 20, 30 plus years, we've seen a, you know, big consolidation of the airline industry. and that is not a secret. businesses want to grow, become monopolies, and the airline market is no different. uh, you've seen partnerships. you've seen cooperations from airline to airline, overseas or domestic, because they want to get these partnerships on board because ultimately it gives, uh, their passengers fewer choices, and that means they're going to have to fly these certain airlines. but you know, as the industry has grown tighter and tighter, and as the judge this past week blocked that from having the industry consolidate two airlines into one larger airline, you know, the variety is still there, but it's still a handful to only a few airlines than what it used to be back in the day. william: all right, oriana pawlyk of politico, th

jetblue is down and cisco, so all are fed by the consumer and they're all different. whirlpool, they make washers and dryers. i bought this and didn't put a full position in. i waited until a couple earnings and then last quarter wasn't great. the stock traded down and i increased the position. where are we today? the reason we're down is annoying. the numbers were great -- >> their outlook wasn't great. >> it wasn't even terrible. analysts were expecting in 2024, look, the range will be 13 to 15. let's take the middle and you have $14 of earnings. the stock is trading right now at 8 1/2 times. and when you look at their business, 40% of their revenues come from new home construction, if you say to yourself this could be a bottom, new home construction pop back up, you're probably at an earnings bottom for them. a 6.25 yield, historically traded at 9 to 11 times, you put 10 times on the $14 of earnings, you have, i would say, probably at least 20% upside plus the 6.25 yield. on cisco, which is really interesting -- actually, it's not interesting. that's the whole poin

bank of america securities cutting its rating on jetblue from neutral to underperformance, also cuttingnt firm says it expects a rough time ahead for the domestic airline industry and is worried about the airline's planned acquisition of spirit airlines if it gets regulatory approval. the new york-based carrier also announcing that ceo robin hayes will step down and be replaced by joanna garrity, a longtime jetblue executive and the airline's current president. the stock, jetblue, as you can see down 10.5% at $5 or thereabouts. >>> all right, coming up next, don't go away, liz, of course, live at ces 2024 with a virtual reality check. she's going to tell us what one vr headset company is doing to launch a surgical strike on big name competitors like apple and meta. "the claman countdown" coming right back live from las vegas. ♪ ♪ finish liberty mutual customized my car insurance and i saved hundreds. that's great. i know, i've bee telling everyone. baby: liberty. oh! baby: liberty. how many people did you tell? only pay for what you need. jingle: ♪ liberty. liberty. liberty. ♪ baby: ♪ l

let's move on to jetblue then. it's a whole other story today.he ceo announced his plans to step down in february. they're waiting on the judge's ruling on that merger with spirit, of course. they got a downgrade this morning saying shares could go to three. they're just over 5 bucks right now. what would you do? >> i would sell, kelly, because you know, i sympathize with the ceo. it was a very tough job. like when you're in the airline industry, it's razor-thin margins, survival of the fittest, right? and you need to have a certain amount of skill in order to do well in that business. and jetblue simply did not have that skill, right? also, they're very domestically focussed. they're not really benefitting from the increase in international travel like some of the other larger airlines are benefitting from. and because they don't have a brand loyal customer, they're unable to pass along the higher cost in fuel and labor in terms of higher prices to their customers. so, we would say that this is, again, this would be a sell. >> speaking of a stoc

. >> jetblue and spirit are deciding whether to appeal a federal judge's decision, blocking their $3.8 billion merger. the justice department opposed the deal, saying it would lead to higher airfares. jetblue and spirit insist they need help competing with bigger airlines. >> a ten year old from maryland is the latest visitor to the bahamas to be bitten by a shark. police say the boy was injured during a shark tank expedition at a resort on paradise island. he is reportedly in stable condition this morning and just last month, a massachusetts woman was killed by a shark in the bahamas. >> time now for your wednesday weather. good >> waking up below zero again today from chicago back to omaha, wake up weather will be the same in new york city as it will be in houston, texas. 19 degrees. watch out for slick spots on the roads. meantime, today will be dry and cool for most of the country. some lake effect snow and some ice. this morning in portland, oregon, our next storm comes out of texas on thursday into thursday night. the snow will spread through friday night, 1 to 3in into the early

they just bought jetblue, spirit , that news broke yesterday.ou will see less regulation which will be great under the trump administration, probably great for the risk archives as well. when it comes to trade, there will be tariffs, they are back and bigger than ever under trump. they have made magnificent moves in helping what they have developed. bringing in obamacare. i thinking a lot of that might start to be challenged as well as china challenged in a very big way. the move towards deglobalization under the trump administration. some things to think about. it is too early to trade on any of this. alix: tomorrow is a long time away. guy: i was going to ask you a different question, we need time to pick that apart. you have deglobalization, you have the fed chair, steve mnuchin back. it feels like initially the markets will like it. that all sounds inflationary. you will not have the fed raising rates to deal with that inflationary risk. that sounds like bad news to the backend of the yield curve. do you sell duration? at some point the vigi

previous estimates, spirit adding to its gains after hours, after the airline filed an appeal with jetbluethe merger approved. what are the bonds saying? >> the bonds went up a lot today but the bonds are saying, these are 8%, that mature next year. september 20th, 2025, trading at 6280. that's telling you, there is really great concern about this being a non-bankrupt entity going forward. it's really sad to see, courtney and i were talking about it on the break, the idea that the justice department would say, no merger and then obviously the likelihood of them under increases, is that really good? >> preserving competition? >> although the counterargument might be that okay maybe they can restructure and come out as a streamlined, less debt, better competitor, that's a possibility, although you never know what happens to the bankruptcy process, things can spin out of control. i would be very, very concerned here, i wouldn't -- i mean, i wouldn't -- i wouldn't touch those bonds. >> earlier today there's a report spirit was asking jetblue to appeal on the blockage of the merger, and we had

. >> jetblue with narrower-than-expected loss.hey guide q1 revenue down seven, street's at five. >> they're not spending a lot of money. maybe we take the solvency off the table. >> they defer aircraft expenditures. >> we have not seen many writings where there's talk of liquidation versus non-liquidation. instead we see a lot of companies that are -- one of them i'm very excited about is walgreens. they're closing a huge number of stores, closing the underperformers. cvs closing underperformers nationwide. in terms of commercial real estate, can we understand that if ibm is right, that makes sense why sl green has been so strong. makes sense that you should buy star wood where you have to go in with a little skepticism. the company with a pretty darn good yield at 9%. commercial real estate may not be the black hole people think it is. >> the story of the week is new york city's ability to drive workers back to the office. running 70% of prepandemic levels. >> it's happening. hopefully it will make it so there are areas that have

. >>> jetblue announcing the ceo is stepping down.he company is saying robin hayes will step down next month. jetblue's coo will replace hayes becoming the first woman to lead a major u.s. carrcarrier. >>> shares of unity software climbing ahead of the open. up 2% in pre-market. this after announcing laying off 1,800 employees or 25% of the work force. unity saying cuts are part of the corporate restructuring plan. the move marks the latest round of layoffs of the gaming technologies company. it said it would carry out the financial evaluation which would include reducing work force and discontinuing certain products. >> restructured our graphics. you looked there and you expect a different number. up 2%. silvana, thank you very much. >>> turning attention now to washington where the house returns from the christmas recess today. house speake johnson has less than two weeks to pass a spending bill to avoid a government shutdown. he needs to strike a deal with democratic leaders over the weekend to cut fiscal spending to around $1.6 tr

. >> spirit and jetblue say they disagree with the ruling. jetblue shares rose. >> and more two planes are damaged after clipping wings at an airport in japan. it happened on tuesday when a korean air passenger jet was taxiing made contact with a plane. >> no one on board was injured and the jet was empty at the time. >> china has said that its population has fallen for a second year in a row. that's sparking concerns about a deepening crisis that could have major imcomplications for the economy. >> china's economy grew at 5.2% last year beat ing expectations but it's one of the worst performances in more than three decades. mark stewart is lye for us in beijing. i was surprised to learn it was only in 2021 that the chinese government relaxed the limit on the amount of children that couples could have to three children. they knew this demographic crisis would come. what policies does the government intend to pursue to encourage people to ward off this deepening economic issue? >> well, it's tried to offer people money, but that's still not ne

tomorrow, we get jetblue's quarterly earnings.ight be the time, again, that's purely speculation. at this point, we know that this merger agreement continues, and they do plan to appeal, and they are going to appeal the decision to block this merger. one other airline note. take a look at shares of united. it came out over the weekend that united is in discussions with airbus to see what it might be able to do in order to get a-321s so that it could fill in some of the slots that it had planned for the boeing 737 max-10. remember, they told us last week, scott kirby told us, we're taking it off the schedule. we don't know when it's going to be certified. we can't plan our fleet over the next couple of years not knowing when we might have a particular aircraft, so they're looking at the options with regard to airbus. united took delivery of its first a-321, and the a-321 would be the counterpart to the 737 max-10, so the question becomes, what can they do with airbus in order to potentially get some of those a-321s that they need,

jetblue warning today that the merger deal could be terminated, sending spirit shares down to the tune of 16% or so. let's go back to the stoxx and intel, because intel taking a tumble today after a disappointing forecast on yesterday's earnings call. sales and profits came in under wall street estimates. jackie, it seems like it's the outlook here that is spooking investors. jackie: that's right. it overshadowed a very healthy report. you had sales projected to come in between 12.2 billion dollars and $13.2 billion, but wall street was expecting $14.3 billion. that is over a billion dollar miss at the middle range. profits came in projected at $.13 a share, but wall street was expecting $.34. remember, there autonomous vehicle technology company that has reported it will see fewer sales this quarter and into the year, because you are dealing with the stockpile in that technology that is rattling the industry broadly. intel taking the hit there, in addition to the slowdown in its pajama -- programmable chips unit. now, pat gelsinger tried to allay some of these concerns on the conferen

after the doj blocked the jetblue merger but shares continue to go up.hey want spirit is when analysts are saying. it's a highly leveraged airline, got a downgrade today from citigroup, no surprise any group says selleck, street low price target of $4 for spirit. the point is who else will come out and put in a bid for spirit? jetblue got lucky, they should not appeal and walk away said citigroup. blue in spirit is down 14%. broken stock. lauren: they are down 8%. they are expensive. some are $200. stuart: rural people make a lot of fun of suburbanites who come out. stuart: lauren: guilty as charged. the first earnings results since they went public in october, costs are calling the. management said to be super super honest we underestimated the inflation affects. that's amazing because you hardly ever see them on sale, they are over $100, sometimes more than $200 yet they worry about their margins. stuart: i look forward to seeing somebody dressed wearing birkenstocks. that's a contradiction in clothing styles. lauren: it's more popular in the city. i s