jordan. today, bob johnson is involved in business ventures across the u.s. i sat down with him in palm beach to talk about his career and what is next. when you became the first african-american to be a billionaire, what was that like? people calling you up, telling you how great you are? were people calling you up asking for money all the time? bob: [laughter] it was nothing like that, david. i had run bet for over 20 years until i sold it to viacom. so, bet had become a business success story. as a result of that, people began to see me as an entrepreneur doing something pretty good at that time. and so, by the time i got to where it was sold to viacom, it was sort of expected that it would be worth something. david: so when you sold it to viacom, after that you bought the charlotte bobcats, an nba team, and you became the first african-american to be the owner of a major sports team in our country. what was that like? was that thrilling to own an nba team? or did you just see it as a business venture? bob: i saw it as the idea of being first. there has be

and always favored it with all the recent issues can they really capitalize let's check in with bob jordan money. >> thank you and welcome to north texas. thank you for inviting me. >> thank you you report this week we won't talk about near term numbers but first of all have you been able to capitalize on what is an airline boom given the fact that you've had some technical problems >> you know, the demand environment is still really strong, so obviously, yeah, we report earnings on thursday so i'm limited in terms of what i can talk about but it's strong environment. we have a little bit of a head wind coming here year over year because international was really down last year and it's back this year but other than that, no, the demand environment is very strong. >> you mentioned it's the traveler is not necessarily the most lucrative traveler. we want business travel back you getting a lot? >> we are and i think a good indicator of that is we've talked about, you know, just in terms of our forecast that our march revenues here will be nearly fully restored to prepandemic 2019 levels and i

david: so, you owned the team for 11 years then sold it to somebody named michael jordan. bob: i sold it to mj, yes. david: after that, you begin to -- began an effort to build a small business empire with investments in private equity, financial services, fashion, lodging, hotels, real estate, and my own firm did something with you in private equity, so is that what you are trying to do now, build a mini empire and -- in different areas, and what are the most important parts? bob: what i did when i sold bet, i decided i would not just sit around and do nothing. i decided one way to build value for yourself was to take your own knowledge, your own strategic vision, and deploy your capital and your brand to acquire assets that you could run with very talented people to help you do it, obviously, and align yourself with people who shared your vision and your culture about creating what i call wealth in the black community, and demonstrating to the broader market that african-american talent with capital and strategic partners like i did with john malone when i started bet could

we're just not seeing it our customers love southwest airlines, and they're showing up >> bob jordan,st, on a day where they reported a wider than expected loss, guys, but the real news here is what they're planning to do in terms of modifying the number of 737 maxes they plan to take this year >> good stuff as always, phil, thanks to you. our phil lebeau in dallas this morning with southwest >>> as we go to break, let's watch bonds. we've got q1 gdp and claims under our belt we'll get pending homes in about 12 minutes and then the fed balance sheet tonight at 4:30. dow is up 170, and we're just shy of 4,085 what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. >>> nasdaq out performing once again, this time on the back of meta up 15%. even microsoft adding to its gains. another 2% afte

catch southwest ceo bob jordan disc discussing earnings at 9:30 a.m. >>> coming up, one word you needay on the back of meta earnings. greg branch is with us to discuss. "worldwide exchange" is back after this . (seth) not to brag, but i just switched to verizon. (cecily) so you got an awesome network... (seth) and when i switched, i got to choose the phone i wanted. for free. not bragging. (cecily) you're bragging. (neighbor) oh, he's bragging. (seth) who, me? never. oh, excuse me. hello, your royal highness, sir... (cecily) okay, that's a brag. (seth) hey, mom. i gotta call you back. (vo) switch and choose the phone you want, like the incredible iphone 14, on us. (cecily) on the network worth bragging about. verizon ♪ ♪ this is rochelle, who gives you a shot. ♪ ♪ rebecca is there when you feel not so hot. ♪ ♪ this is larissa, who's feeling glown up. ♪ ♪ and this here is winnie, who zhuzhed up their cup. ♪ ♪ this is victoria, helping women stay healthy. ♪ ♪ these are your kids, snacking snacks ♪ ♪ made with veggies. ♪ ♪ and matty can help ♪ ♪ you find your new favorite color. ♪ ♪ and

ceo bob jordan says that the demand for domestic air travel remains strong.conomic weakness around the world has not hurt the demand for heavy equipment. caterpillar posted first quarter profits that beat estimates. the machines are critical to the construction, mining, and energy industries and caterpillar is viewed as a bellwether for the global economy. that is your bloomberg business flash. kailey: simone, thank you. it is about 23 minutes past 7:00 on the west coast, so let's get to the start up where we cover the top tech stories from the bay area and beyond as silicon valley starts its morning. joining me is ed ludlow. we have to start with meda, because of a 14% on the day now basically doubled year-to-date. is this an ai story, an ad story? ed: there is a lot that investors liked. the stock at the highest level since february 2 20 22. the story has really changed, but it matches the changing narrative from zuckerberg. the first six minutes of his opening remarks were all about ai and he spent about 30 seconds discussing the metaverse. it shows you ho

>> well, fortunately, the company, bob jordan and waterston have taken on this project and they're building it out, but it takes time it's complex lots of tentacles, and it's a work in progress so it is slated to be replaced they're working on the project now as we speak, and it just takes -- the i.t. stuff takes time >> does it ever. captain, thanks for your patience and your time today we wish you the best >> thank you >>> coming up after the break, americans are waiting for prices to drop across the board, especially for housing the market's in a strange spot prices not moving much, nor are buyers at the moment we'll take a day trip to austin and get a better idea of where things stand >> plus, netflix earnings on deck have the new initiatives driven growth or are problems around pricing and live events driving away sscbeubrirs "power lunch" will be right back oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay conne

they have committed to improving it bob jordan, the ceo, said we're making the investments necessary at this point, we don't know what's causing this ground stop hopefully we get some clarity on that. >> let us know phil, thank you. >>> don't miss evercore's top consumer picks >>> we've reversed after an early rally. we've gone negative. still strengths in industrials, technology and meratials health care, communication and financial services are weighing us down. we'll be right back. >>> mcd continuing to trade innear all-time highs also starbucks has a tactical outperform joining us now is david palmer david, you're saying that valuations can run higher from here >> in some cases there's a lot of full multiples in restaurants you need to see sales beats and earnings upside. you'll probably see more of that in company-owned names, starbucks and chipotle mcdonald's is poisoed to rise higher as well young brands might have to wait more to get more of that sales relief and earnings upside global is good again and it's good to have this cost coming down for some of the company operating

adjusted loss was wider than expected at don't miss in an interview in the next hour sought west ceo bob jordanch when consumer and cloud giant amazon reports results. stay tuned you're watching "squawk box" on cnbc as sleek as it is spacious. as smart as it is beautiful. introducing lucid air. experience the best. ♪ ♪ hi, i'm john and i'm from dallas, texas. my wife's name is joy. we've been married 45 years. i'm taking a two-year business course. i've been studying a lot. i've been producing and directing for over 50 years. it's a very detailed thing and the pressure's all on me. i noticed i really wasn't quite as sharp as i was. my boss told me about prevagen and i started taking it. i feel sharper. my memory's a lot better. it just works. prevagen. at stores everywhere without a prescription. meet gold bond healing. a powerhouse lotion that moisturizes, heals, and smooths dry skin. with 7 moisturizers and 3 vitamins, you can pay more but you can't get more. gold bond. champion your skin. - [soldier] take a look at this! you can pay more - they've left us a gift.. - [soldier] i think we misj

ceo bob jordan says that demand for domestic air travel remains strong.-- global news 24-hours a day on air and on bloomberg originals, powered by more than 2700 journalists and analysts in over 120 countries. i'm lisa mateo. this is bloomberg. ♪ you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. >> what became much more aggressive was the cost control. people thought he was not going to cut cost. he has taken about $11 trillion out of ladies in the last 12 months. that is extraordinary. the combination of accelerating revenue and cost cut. i think it is a $300 stock. jonathan: that is the call from michael nath

jordan, rapper doja cat, actress jennifer coolidge, and disneyland ceo bob iger.r, author salomon rushdie, supreme court justice samuel alito, twitter ceo elon musk, and youtuber jimmy donaldson, better known as mr. beast. >>> one state is trying to become the first to ban tiktok, and trash cans are on the move in new york city. shanelle kaul has those stories and more in today's cbs "money watch" report. >> reporter: a boost for u.s. stocks thursday as investors responded to new data showing inflation is easing. the dow gained 383 points. the nasdaq was up by 236, and the s&p 500 gained 54 points. >>> montana may become the first state to completely ban tiktok. a final house vote will likely happen today before the bill goes to republican governor greg gianforte. the move comes as lawmakers grow increasingly concerned tech company bytedance could hand over american data to the chinese government. the proposal will likely face legal challenges in the future. >>> delta reported a $363 million loss in its first quarter. the airline says it spent more on labor and fu

i have said before, during a trumpadministration bob ou seem to function as a public defender for donald trump, now it seems that jim jordanpping in >> no clowns, not my circus putin and xi should i will purchase it before that you go, thi lawsuit, this new trump lawsui against michael cohen, how didn't plays out >> not particularly well for donald trump donald trump hasn't done wel in bringing some of thes lawsuits, in the souther district of florida where no lives, that's first an foremost but secondly, michael cohen's, as we all know, the star witness in the manhattan d.a.' criminal case against trump. this starts to look like witness tampering, intimidation that is a federal crime. it is also a state crime and where donald trump i trying to silence michael cohen, because of the size of the award that he's seeking? that starts to look a little bit dangerous. not just overly litigious, but criminal perhaps in and of itself >> it is always so nice when you come to visit me on sunday night melissa, you are sticking with me, because after the break want to talk about a supreme court essentially making a ruling on this week

jordan and saving the best for last disney's ceo bob iger.dest person on this year's list at 85 years young. the 17th annual time 100 gala will be hosted by cover star jennifer coolidge expected to take place later this month and for the fourth year in a row time studios and abc partnering up to bring you an inside look at the gala which airs sunday, april 30th, 7:00 p.m. right here on abc. >> robin: quite a list. >> just a little looking ahead judy blume will be on gma coming up, so delightful talking about "are you there god it's me margaret" becoming a movie. so congratulations to all of the 100. >>> and another exclusive for you this morning, new music from the one and only celine dion. the singer releasing the title track from the upcoming romantic comedy movie called "love again". the song goes by the same name and we have your first look at celine's lyric video featuring scenes from the movie. take a look. ♪ ♪ every move is a new emotion ♪ you don't have to find the answer, just keep trying ♪ the sun will rise again, storms subside aga

playbook -- he used it against james comey and bob mueller, bragg's read it he's not only trying to act first, he's trying to outmaneuver them jim jordan did start this part of the fight, but it might backfire while he's been quick to threaten so many court fights, notice tonight he is the defendant. he is on the other side of this one. he may lose this one the d.a. arguing what the republicans are trying to do, subpoena a former line prosecutor to talk about an ongoing criminal prosecution is no less of an affront to sovereignty than subpoenaing the d.a. himself that's not just rhetoric let me tell you exactly why that matters. the d.a. bragg is employing the power and current legal authority of his office to protect a former employee, a veteran of the office, and it's a person he had disagreements about -- with. we can get to that but regardless of their disagreements about law or approaching cases, he is using his legal powers to protect that individual and any other employees saying, hey, going after them and like going after me, and you can't do that under the law in the middle of an open criminal case. not for a circus atmosphere

bob iger is on time's list as an influential innovator. he joins others like beyonce and elon musk, president biden, bell hadid, jennifer coolidge, and artists like michael b jordant is interesting to have the president and bella hadid in the same sentence. they are not in the same circle. [laughter] i was reading about jennifer coolidge. she says she feels like sleeping beauty now because of the success of "white lotus." now all the people that would never return their calls -- her calls are calling her. >> it is an impressive list a a very diverse list in terms of walks of life. i think it is to see how some of these people change culture and business and influence the rest of us. kristen: pbs is the latest media company to cut ties with twitter. the public broadcaster joined npr in saying that it's no longer interested in sharing content on the platform. this move follows elon musk's decision to slap a government-funded label on pbs' account, which carries more than 2 million followers. i mean -- there are probably lots of news organizations that are going to be departing. especially with the blue checks going away. not being able to tell which one is actually