beginning with air traffic control as we wait that joining us on phone former american airlines ceo bob crandall joins us along with eamon javers and phil lebeau to talk infrastructure and transportation. guys good morning to all of you. bob we've had you on the phone in the past few months talking about this prospect. are you a fan? >> absolutely. this is something most of the other advanced countries in the world have done long since. we are lagging badly behind. and i really do hope the president is going to come out and endorse the bill which will create an air aviation service provider nonprofit independent activity that will actually manage the air traffic control system. and it will finance itself by charging fees to the airplanes that fly around in the country. and at the same time we'll be able to sell bonds so it will be able to finance itself long term. a huge improvement and accelerate the introduction avenue air traffic control system vastly over what has been able to happen up to now. so i'm very hopeful. >> so, phil, can you just lay out what we are expecting the privatization of

we talked to former american airlines ceo bob crandall next. -- julie hyman. yes, i know i am in new york. heat andame it on the humidity. we are all feeling woozy today. i know i have been. we are not seeing much change in the average is rid sleep he friday. we will see if we get that volume surge at the close. so far, that has not materialized. we have the movement in tech that is contributing the most to the s&p 500. information technology as a of 1%.p three quarters financials had been higher or sort of have been bouncing around, i should say, down about ll today.elds fa we have eq t on the upside. that is an energy pipeline company getting your review from the federal energy regulatory commission on its mountain valley pipeline that analysts say is good news. the death of the on going the opposite direction after that bed, bath,e out -- and beyond going the opposite direction after that company came out with disappointing sales projections. then on the week in terms of best and worst performers, julia teased this -- she looked at the perfo

thank you. >> joining us now on the phone on this story former american airlines ceo chairman bob crandallreport but if you were still in the pilot position in this airline would you react the same way that parker is >> yeah. i absolutely would, sarah. i'm baffled by the whole thing it makes no business sense as doug has pointed out it isn't going to have any impact on americans view with respect to so i'm simply mist identified i don't understand it and doug doesn't understand it and we're in the same boat. >> yeah, you're not alone, bob but that said, i mean, for their part, qatar airways in the brief comments we got from them said they think it's a good investment they can go up to 4.75% without board approval got to let them do that. it might not make a sense one way or the other. >> it's not going to make any difference it's a public company. anybody that wants to buy stock can buy stock up to a certain level. then we share the same point of view. >> i guess they do have significant stakes in some global players don't they? >> they do and unless you are trying to create some sort of p

bob crandall joins us. bob, thank you for your time.g parker said he is not particularly excited about the outreach. from where you sit, do you see any business merits to such investor from qatar? no, i don't. i am mystified. america has strongly opposed operations. all of the operations in the isdle east, all of which heavily subsidized by our government. i don't know if american's board is going to approve this, but doug parker has been perfectly fair. he says, look, at 10% holding is not going to modify how we run the airline in any way, shape, or form, and it's not going to modify our reaction to the operation of the subsidized airlines, which is draining traffic off our flights and the middleights and eastern carrier fell subsidized operations. why they want to do this is beyond me. maybe they think america is just a great investment, and in that respect, i suppose i agree with them. but i don't know why an airline would want to buy a minority stake of another airline. though, bob,nder under what circumstances would american airlin