i asked him, elliott said point blank, bob jordan should be fired.ve got five of their directors there. and yes bob jordan talked with them and he believes he can work with them and they will be good for southwest. but make no mistake. they come into this position thinking that southwest is underperforming, dramatically underperforming. so, they're going to push it quite a bit. >> yeah. and we'll be watching it closely. boeing, of course, as well i mentioned earlier for some reason i hasn't checked the wire -- you reminded me. the registration statement for the potential large equity offering has been deemed effective. they could hit the market at any point. still unclear, though, when they're going to choose to do so, isn't it >> yeah. we talked to kelly -- yesterday. he indicated they would prefer to have an agreement with the machinists in place. that gives you some certainty on your cost before they go ahead and file and remember they also took out a $10 billion credit line. so, they've got a few levers they can still pull before they have to say

. >>> southwest and elliott management have reached a deal it's good news for bob jordan, says one activistcher. he tells us what could be next for the airline, and whether you should buy the turn around story. >>> three more names on deck with earnings. our trader expects another record quarter for this one. it's our mystery chart, up nearly 23% year-to-date. she's a buyer. big reveal is coming up. >>> first, let's reveal the market reaction with dom chu >> kelly, it's a bit mixed right now, but the broader s&p 500 is still in positive territory by 0.2% it's at 5806, up about eight points, maybe 0.1 of 1% at this point. nine points at the highs, up roughly 20 points, down 13 points at the low, the broader s&p. the dow off by about one half of 1% boeing, a big part of that story. 42,332, 180-point loss the nasdaq, 112-point gape big reason why, we'll tell you, it's testesla. and u.s. treasury prices are up. the ten-year note price is up. yields are falling to the 4.198% mark with regard to that big story on where we see the biggest downside, the biggest decliner in the s&p 500 is news mont.

don't forget, we will talk with southwest ceo bob jordan on "squawk on the street.he settlement with elliott management where they are looking for board representation we will see what they have to say we talk to bob jordan on "squawk on the street. guys, back to you. >> okay, phil, thanks. we will see you at the top of the hour for american airlines, phil has an interview with robert isom. >>> when we come back, vice president harris speaking at a cnn town hall event last night we will show you some highlights and talk campaign pollster messaging with frank luntz "squawk box" will be right back. (man) these men of means with their silver spoons. what will become of them when they discover robinhood gold allows others to earn their very liberal rates on idle cash. they would descend into chaos. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. our advanced matching helps find talented candidates, so you can connect with them fast. visit indeed.com/hire (♪♪) i take you, body in sickness and in health. (♪♪)

you can take a look at the shares of southwest, and we talked to bob jordan and he said, look, i am upbeate new directors and not just the ones put forward by elliott, but this board has changed dramatically in terms of a year ago, and in terms of the voices that you will hear from the board, they beat and what is good news is that elliott does not have to go forward with the proxy meeting, and now you have a new board for southwest starting november 1st. >> you want to add anything on that one >> well, it seems that elliott won. i'm a ceo, right if i walk into the next board meeting and i have six new board members, i am doing one of two thing, either packing my bags or listening to the new ideas. and so it might be one of the rumors and sort out the facts thing, and from my perspective as the ceo, you don't change the board completely like this, and then it is business as usual. >> and the ceo keeps his job >> last hour ken squier said that he should not print his business cards just yet. >> again, sitting in one of the seats, if i had six new board members who did not like me before, i

eastern and at 9:30 a.m., phil sits down with the ceo of southwest bob jordan two exclusive interviews on cnbc. >>> coming up, tesla shares taking off after the quarterly profit beat. up almost 11%. we dig into the results and a very different story for ibm details on what is sending shares lower down 5%. we have much more when "worldwide exchange" returns stay with us when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering "seven things every medicare supplement should have". it's your free, just for calling the number on your screen. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free. and there's no obligation. you see, medicare covers only about 80% of your part b medical expenses. the rest is up to you. that's why so many people purchase medicare supplement insurance

it's what ceo bob jordan at southwest has averted for the moment and what they are looking at pfizer.ten so cynical at ceos hanging on despite this brought -- stopped doing low year after year. that is no longer the case when there were some truly subpar results at starbucks. all we heard was that they stood by. maybe they did until they got brian nichol from chipotle then they fired the old ceo when a heart. the old ceo sub optimal response is just too much for the board to take. nike, they must have been hard to stop the train wreck. the rank and file cannot believe how poor the company is doing given its reputation. likely -- nike alienated its partner footlocker like trash. with the ousted ceo, when you are charging hundreds of dollars the customer might want to try them on rather than just ordering from the website. as for southwest, they have offered an incredible plan to change some of its ways. they should have done this years ago but they finally have it on the right track plus they have a board member that bought more than $100 million worth of stock on the open market. the

the agreement will keep bob jordan in his job and add six new directors to the board elliott just shy of having control. southwest also agreeing to an earlier retirement for executive chairman and former ceo gary kelly. gary kelly's gone. guy, do you like the story now >> yeah, i do like the story i'm surprised it traded the way it did if you want to look at a chart, $22, a bit of a double bottom, we bounced maybe it's just sort of a sell the news or people looking to get out on the back of earnings. but i think you can make a reasonable case, if you want to be long airlines, the most beta, given the run that delta had, might be in luv. >> from their august low, which isn't that long ago, the group, as measured by the etf jets, is up 39% to my eye, it's stretched. i would reduce exposure. >>> all right, coming up, nba commissioner adam silver sitting down for an exclusive interview with cnbc sport, covering everything from the future of the wnba to a.i. the highlights, as the men's basketball season tips off next. more "fast money" in two ♪♪ [inner monologue] this is going to sound cr

elliott is seeking to oust bob jordan. if you look year to date, the stock is up 6.3%. >>> cigna received efforts to combine with humana after merger talks fell apart last year according to bloomberg. the companies have held discussions about a potential deal. cigna looking to close the sale of the medicare advantage deal. it will remove the overlap to draw scrutiny from anti-trust regulators. having talked to people involved in the possible transaction is what would happen over a trump administration would allow something like this or a harris administration would allow something like this. i'm not sure either administration would allow. >> the business round table has a new meaning. >>> when we come back, a busy week of earnings ahead. we will look at the squawk planner ahead. "squawk box" will be right back. >>> businesses can't afford to not look at the value of the disabled human experience. when we embed philosophy into business, businesses are better for it. er drives revenue. the's a return on investment that trans

true insurgent and i believe the elder statesman in the party in a way that people like vernon jordan and bob2023? what did you see? >> just gotten -- mike and you know, you are seeing the polls as i do. you talk to a poll and i kept saying what's the next question on being? it was worse than i thought it was -- at every junction. direction of the country, favorability. don't want -- people to run at every juncture in the polling. you just knew it was not going to change. just -- it was just -- stuck. >> did age show up in that poll? >> every time. and every focus group. you would mention president biden's name and people would just bury their face in their hands and go oh my god. he's old. you couldn't get people -- unfortunately a lot of friends that are still in the business. you couldn't get by dave's question. then they wouldn't entertain anything and you can see that that was -- really crippling his chances to be re-elected. >>> that's all the time we have for this weekend. tune in form for a whole -- tomorrow for a whole new week of "morning joe" starting at 6:00 a.m. bright and early.

jordan school for equity and the academy. s.f. jury selection began today in the trial for nima momeni, the man accused of killing cashapp founder bob lee. more than 100 potential jurors were evaluated. legal experts say this is perhaps the most critical step in the trial. his attorneys will be looking for jurors to buy into their self-defense argument while prosecutors will take a different approach. >> narrowly, if i'm a prosecutor looking for jurors in a murder case, i want people who are law and order oriented. i want people who abhor violence. >> jury selection is expected to resume tomorrow, with opening statements scheduled for early next week. tonight, the two candidates for california senate seat took part in a debate. democrat adam schiff and republican steve garvey faced off on stage in los angeles, where they addressed gun violence, abortion and the state's housing crisis. >> there's a lot that we have to do about this, and it starts with building a lot more housing and building it fast. i'm supporting a low income housing tax credit that would incentivize the development of hundreds of thousands of new units in californ