i think that's an advantage for delta.: let's talk about your customers, both business and consumer. i don't want to put words in your mouth, but a little bit of weakness from a business perspective from the asian markets, overall. generally, businesses it feels like, or a little bit cautious right now, globally, maybe for geopolitical reasons. we certainly heard that through earnings reports from some companies. what do you see? ed: i see a healthy u.s. consumer. consumer demand is very, very healthy in the u.s. we just finished the busiest summer in our history by a meaningful amount. revenue is up 7% year on year. there were also up the year prior. we are within the fortune 100, in the top quartile of growth companies, and we've been there the last couple years. people don't expect delta to be seen at that level. we're seeing a lot of growth in travel. jason: you can see the full interview online at businessweek.com, or listen to it via podcast. get that in our feet. carol: up next, private equity having a moment. jason

the third story is delta. that stopped down.ng a fourth-quarter guidance that missed estimates. one highlight was the 2020 non-fuel cost may be a fool percentage but -- may be a full percentage point higher. i spoke earlier to the company ceo. >> we are always competitive, but we can keep more on quality and reliability, not exclusively on price. the shares tend to stay with delta as we pull it in. alix: the fourth company is pg&e. the stock getting totally hammered. this is a bankruptcy ruling. the court said they no longer have exclusive rights to their bankruptcy. what does that mean? >> we do not know, exactly, but it is definitely bad news for existing shareholders. previously they had the exclusive rights to propose a bankruptcy exit. as soon as you let other people in having as much right to make their proposal, their proposal says the existing shareholders could be wiped out. what we are expecting now is there will be negotiations, there will be arbitration, there will be more rulings by the court. another six to nine mo

so particularly delta has effectively been dead money. to trade those ranges, knock yourself out i don't see them going anywhere. >> speaking of delta, we're going to hear from the company's ceo after the report be sure to catch the interview 7:00 a.m. eastern on "squawk box. ♪ >> announcer: options action is sponsored by think or swim by ameritrade ♪♪ ♪♪ woman: what gives me confidence about investment decisions? rigorous fundamental research. with portfolio managers focused on the long term. who look beyond the spreadsheets to understand companies, from breakroom to boardroom. who know the only way to get a 360 view is to go around the world to get it. can i rely on deep research to help make quality investment decisions? with capital group, i can. talk to your advisor or consultant for investment risks and information. talk to your advisor or consultant that could allow hackers devices into your home.ys and like all doors, they're safer when locked. that's why you need xfinity xfi. with the xfi gateway, devices connected to your homes

with respect to delta, they have been the leader within the group. they will be the first to report next week. i think if you really look at what they have been saying, number one, they narrowed their guidance for the quarter it really is right in line i do think going forward, i think what really concerned investors was their cost outlook which was a little higher for next quarter it's a high quality problem. some profit sharing is always a good thing but it's hard to predict. still consider delta certainly one of its names. >> a 10% tariff on air bus jets, they have 170 of them, how much is that going to hurt delta and how much might they pass along the travelers? >> i think that's a great question we are still waiting for the w.t.o. to rule on boeing we do think it will get negotiated. i do think you're looking at healthy demands. the airlines will be the one at risk >> is it that big of a cost? i'm not trying to diminish the tariff but they are supposed to element to $7.5 million, right >> a billion >> that's quite a lot. it's a big deal. i think

how did she end up on a delta flight. to know as well, the investigation into that major security breach, coming up. ♪ learning to fly. but i ain't got wings. ♪ coming down is the hardest thing. ♪ heather: welcome back. a second whistleblower surfacing in connection with the president's phone call with ukraine. but this one apparently has more, quote, firsthand knowledge of what was said. but what's more direct than the transcripts that we already have. we've already seen and we've read them ourselves. here to help answer that question is former department of defense counter chair pro prosecutor, owe mkudroro. what about it, the second whistleblower. let's bring up the white house's response and then i'll get yours. the white house says it doesn't matter how many people decide to call themselves whistleblowers about the same telephone call, doesn't change the fact that he has none nothing wrong. we've all read the transcripts ourselves, including does it make any difference to you if we have another whistleblower? >> we'l

delta airlines getting clipped a long-time bull downgrading the stock. it's our call of the day the investment committee is ready to go. "halftime report" starts right now. >>> welcome. good to have you with us on this thursday our investment committee at the table. josh brown, steve weiss and director of market strategy. we'll begin with the selloff stocks rebounded and down again. another volatile session all three major averages were down half a per at the lows. you have your special suit on today. you get the ball first s&p coming off back-to-back declines and today you got what you didn't want. a read on the services sector which suggests that we're slowing there, too >> well, it was telegraph 48 hours ago when you saw the employment index and warranted at the time to give consideration of the strength to not only domestic economy but the global economy being the u.s. consumer and were they in a position where they weto weaken. as it relates to the market, absolutely the selloff is warranted if you're going to see the consumer weaken i think it also

patchy smoke in the north bay, drifting towards the delta. you can see it in the east bay at times today. then we'll be looking for another round of some very gusty winds into tomorrow. so we're lightening up today through the overnight hours, then looking at about 11:00 tomorrow when we begin to see more of those winds coming into play through wednesday. good morning, sue. >> checking back in on the bay bridge toll plaza. no metering lights yet. we have a slight backup. just a few cars in that left cash-paying lane. otherwise we're getting high wind advisories given to us by the chp over the altamont pass. you are slowing to 30 miles per hour once you make that transition on to the pass. just reports of an accident westbound 24 near mount diablo. apparently an accident here blocking lanes of traffic. this is just after you make the transition from 680 in lafayette. we have reports of a tree in the slow lane there near lafayette as well, west on 24. westbound 37, they're doing some traffic breaks. there was an earlier accident. one lane getti

delta looked good. then you got to sell delta i mean, this is, wow, it's a tough time >> okay.at on quk t see i"sawonhetrt"n a couple minutes where we will see you. "squawk" returns in just a moment ♪ ♪ i've been a caregiver for 20 years. no two patients are the same. predicting the next step for them can be challenging. today we're using the ibm cloud to run new analytics tools that help us better predict and plan a patient's recovery. ♪ ♪ ultimately, it's helping thousands of patients return home. and who doesn't love going home. >>> we take you washington, d.c. a few moments ago. the treasury secretary and the chinese delegation arriving at u the tr as this video rolls as we have endured a wild overnight session in futures as we got a bunch of conflicting headlines about the u.s. trade what we do know is the delegation arrives for u.s.-china trade talks of course, we have complete coverage keep an eye on europe as well, ten year is back on as september cti runs up cool up 1, 7 greer on year. we -- year on year. jim, we know what we went through last night in some of these ta

the delta commander identified al baghdadi and called jackpot at 7:15. it took another hour and ten minutes to fly back to iraq, and at 9:23, the president tweeted, "something very big has just happened." >> one minute you're sitting there watching a movie, and the next minute you get the news that the man that raped and -- and possibly murdered your daughter has been killed. >> reporter: the prahition to kill al baghdadi was named after caylee mueller, a young aid worker he captured and brutalized. her parents hope one of the prisoners can finally tell them what happened to your daughter. >> somebody and it may be one of the people captured yesterday knows where she is. knows what happened. they know who killed her. >> reporter: al baghdadi's remains were flown out to welcome where more extensive dna testing confirmed his identity. then he was buried at sea in a muslim ceremony. saved martin, cbs news, the pentagon. >>> boeing's ceo is expected to testify before congress today ab 737 max. the faa grounded the fleet in march. >>> police in texas have arr

i think we have no interest in doing that as part of a delta supply. also, much as it might seem as a good idea to some people, i think that was a very difficult idea. i am not going to say never, because i have learned over time some things, you know, that you never expect to happen, do. i don't think that will happen anytime soon. also, there is talk of a spillway raised there and we have not included this here. if they can convince us that is a good idea that we may want to frame the project in as well. there are some that we are not including, at this time, because we don't think they are right. the potential tuolumne river projects. it is part of our proposed voluntary agreement. we have said that we will do feasibility study of that. this is actually a landmark thing that the irrigation district had never wanted to talk about that before. they have finally put that on the table. this would entail basically putting excess water where there are big flows in the tuolumne river into the groundwater basin. so it is a healthy basin that the districts c

dramatic first images of the raid that killed the leader of isis, a rare look at the army's elite deltaorce in action. >>> all that, plus not liking it, facebook under new pressure after twitter bans all political ads. >>> a massive storm and record breaking cold set to impact tens of millions of halloween trick or treaters all across the nation. >>> and nats incredible. the washington nationals rally to beat the houston astros and become world series champions. the team's first ever title setting off a celebration the nation's capital hasn't seen in decades. >>> today, thursday, october 31st, 2019. >> announcer: from nbc news, this is "today" with savannah guthrie and hoda kotb. live from studio 1a in rockefeller plaza. >>> hi, everybody, welcome to "today," thank you for joining us on this thursday morning. halloween may be a little rainy but you don't who don't care, our crowd that's outside. we're going to go out and join them, weather permitting. it looks great. we're hoping to get outside. >> nobody's celebrating like washington, d.c. this morning, the nats pull it off, goes to se

some others like delta for example which actually has been. >> delta little or none. >> delta has been the beneficiary of the capacity that others can't meet because any don't have the planes yet. but delta also had incremental expenses trying to service those customers. so it's lab of a mixed bag i'm not sure carb shall i thought boeing was acting well, stopped going down on what had been bad news here and there this obviously is a different kind of bad news that really we don't know what it is yet. and it's possible as tim said we have different context that ultimatelyfebruary or march when they were talking about having the 737 max in the air, maybe that's -- maybe that's still possible >> what the airlines want is a date certain. >> yes. >> yes. >> where they can count on the plane being certified to fly again. >> running a business like that you need certainty even if not the exact timing you wanted, just having the certainty is really important. >> boeing has been through, guy this kind of stuff -- not this kind of stuff before but had delays that messed up the 738 dream line >>

rob: so how did she end up on a delta flight?gation into that major security breach coming up. carley: they're calling for it but can they handle it or is the impeachment probe dividing democrats. our political panel debates, next. ♪ everything i wish i didn't know. ♪ go where they could explore and experience adventure in unexpected places... ♪ who were inspired by different cultures ♪ and found that the past can create new memories... leading them to discover: we're woven together by the moments we share. for everywhere you go, expedia has everything you need, all in one place. and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ carley: welcome back. a look at our top headlines this morning. starting with a fox news alert. right

the delta commander identified al-baghdadi and called jackpot at 7:15.t took another hour and ten minutes to fly back to iraq, and at 9:23, the president tweeted, "something very big has just happened." >> one minute you're sitting there watching a movie, and the next minute you get the news that the man that raped and possibly murdered your daughter has been killed. >> reporter: the operation to kill al-baghdadi was named after kayla mueller, a young aid worker he captured and brutalized. her parents hope one of those two prisoners can finally tell them what happened to their daughter. >> somebody, and it may be one of these people they captured yesterday, knows where she is. knows what happened. they know who killed her. >> reporter: al-baghdadi's remains were flown out to iraq where more extensive d.n.a. testing confirmed his identity. then he was buried at sea in a muslim ceremony. norah? >> reporter: david, thank you. for more on the death of the isis leader and what it means for the fight against isis, we're joined now by holly williams in turkey a

del bartow spoke with delta airlines told her a delivery service called roadie would bring the couple their bags when once they arrived. through a link, del bartow was able to track the roadie driver's location. >> the bags were in hayward with a driver. they hadn't moved. >> del bartow said roadie support said they couldn't reach the driver by text or phone call. later the bags were in san francisco and another driver would drop them off. >> my makeup bag was completely empty. clothes, tops, dresses were all gone, purses. and all of my bras and underwear were also missing. >> del bartow says her boyfriend's bag was also missing shoes and clothing. >> you feel violated. the rest of the stuff can be replaced but the bras and the underwear is the most disturbing. >> she estimates more than $5,000 from the couple's bags are gone. in an email to del barto, delta care says it expects the delivery service to maintain the same high standards required of its own people. delta offered del barto a $75 voucher. >> i want the money for all the items missing from our bags. >> in a statement, a del

a delta says 5% of its pilots are women. >>still ahead we continue our breaking news coverage that fire in southern california. there are few of the ones really bad we'll hear from the man who was forced from his >>new wildfire has ripped its way through dry vegetatihe ay this a live image above the fire you can see the flames right here crews have shut down this freeway. more than 2 dozen homes have burned since it started yesterday. at least one person has died another was injured at one point the flames spread at a rate about 800 acres per hour you can see how dry the vegetation is and crews are now trying to just protect homes there letting it burn in a lot of cases if there aren't any homes in the way but they want to protect homes and they want to protect lives at this point. it is burning just south of santa clarita and east of a simi valley in southern california and the fires are so bad that the chp has been shutting down sections of several freeways, not just the one. they were seeing here i 5. a man here driving o

delta airlines down 2.9%.major airlines are lower after delta said business travel is being affected. tesla down 6.5%. 97,000 deliveries, not quite enough. in one of the better news .tories, pepsi cok it said consumers were able to take the price hikes. guy: you've been talking about constellation brands. let's talk about the wider story around the tariffs. stocks mainly rising after the u.s. announced tariffs on imported drinks and fashion items. less severe than some had been anticipating. joining us is bloomberg opinion columnist. it is not a complete let off, but it feels like it a little bit. andrea: it is a let off for the luxury companies. particular for luxury goods, they have escaped what was expected to be punitive tariffs. vonnie: what happened? did the buyer suddenly get religion? result,for the better did some of these retailers, even h&m, we are not talking about the luxury end of the market, what happened with inventory? did buyers get religion and figure out what the customer wanted? andrea: i

the world's largest airline, delta, reports its latest financial results on thursday.her revenue and profits for the past three months thanks to strong demand for travel. in fact while other us airlines, including american, united, and southwest, have lost billions of dollars since the boeing 737 max was grounded in march following two deadly crashes, delta has benefited by picking up the slack from cancelled flights since it didn't have any maxes in its own fleet. there could be some turbulence ahead though since the world trade organisation allowed the us to apply tariffs to $7.5 billion of european exports. washington has announced 10% taxes on aircraft. delta, which has already committed to buying planes from france's airbus, has said that will cut into its profits. time now for our daily look beyond the headlines. we'rejoined by benita matofska, global sharing economy expert and author of generation share. good to see it. we have highlighted a few stories, one which is on bbc online. oxfam alleges abuse in uk supermarket supply chains. i read this story this morni

delta saying costs are high are. i don't know. >> i thought delta is a bit overdone but on a day like today doesn't matter things get overdone and the pendulum swings far. i'm interested to see what the banks tell us, not so much what happened during this past quarter but what they are seeing not just for their own business which is really important obviously. but they have a great insight into what is happening in the u.s. economy that will be really interesting. the autos kind of rolling over don't love that either but i do -- i totally agree with steve. we need -- that's the main thing to me. the main piece of data when i buy the stock is what are the fundamentals of the company? not warren or who is ahead or -- >> but also look, we started off the show saying where are we is this the same way, time to by or sell? last year we had -- everyone was raising rates or we were on a raise -- a higher rate path. now everyone son pennsylvania lower rate path. >> because things are really bad. doesn't that matter? >> here i

delta's now apologizing to passengers.hey say they're cooperating th authorities on the wi investigation. it's still unclear how that woman was actually able board the plane. >> that is incredible. >>> now to the candid new revelations from alex trebek. >> the long-time "jeopardy!" host is sharing new thoughts as he resumes his battle against stage 4 pancreatic cancer. "jeopardy!" host alex trebek determined but realistic about and his own mortality. ic cancer >> no. no. say at my funeral as a part of o soon. >> reporter: t revealed his diagnosis in march. >> this week i was diagnosed with stage 4 pancreatic cancer, i'm going to keep working. >> reporter: by may, after the first wave of chemo, he appeared to be in remission. >> we thought i was finished with chemo. that was a bit premature. >> reporter: the 79-year-old now undergoing a second round of chemotherapy, having a revelation. >> i have some regrets about having gone public with it, because a lot of people are coming to me and looking for help, reassurance. and th

delta also said the unexpected will also reduce deltas profit and impact a of its 80000 employees.t's the biggest competitor to boeing. it's a consortium that gets a lot of subsidies and boeing is independent. the big complaint has been it's not a level playing field. however, all of the american airlines or many of them by airbus aircraft so if you're going to start taxing those, that could hurt american airline stock. they have a look at what you can expect after the belt. your pick of a million big stories. >> there talk about the reason the market is down and obviously we know the concerns out there about growth that started. the question is what comes next. we talk to art about jobs and more importantly we look forward to friday morning you mentioned johnson & johnson, i think it's the only dow stock hired. we have a noted doctor who's done a lot of work in the opioid realm coming on a little bit late and are 4:00 o'clock hour to talk about that settlement and what comes next. plus we'll see how this market closes. you set it at the top your show. >> i think we were at 400 con

the delta still gusting to 21 miles per hour. elsewhere it is calm. notice the blues there indicating the breezy winds on the coast through the delta, then a red flag warning expires. we have a spare the air alert today. it will be hazy throughout the day. i'll pinpoint where it will be hazy. we're looking at critical fire weather conditions as those winds will continue to gust at higher elevations. otherwise we're talking about another dry day out there and sue has a look at your commute. good morning. >> starting off kind of busy up there with closures and high winds. wind advisories for all the bridges including the golden gate and the san mateo. traffic is light coming off the waldo grade. most of our roads are in the green. the hard closure in the geyserville area with highway 128, alexander valley to geyserville avenue, no estimated time of reopening. >> thank you. >>> let's get caught up with the latest information on the kincade fire. >> this morning it is burning more than 54,000 acres in county. containment dropped to 5% after being at 10% o

and even cooler by the delta. at 37 degrees. upper 50s. sand rafael. all has to do with the wind and keeping that fog away. with you some of the protected valleys that colder denser air really settles in. and allow allows for rapid cooling. otherwise anywhere from 2 to 9 degrees cooler by the delta. 13 degrees cooler at the coast. here is sutro. a nice vantage point good visibility. another chilly start with sunny mild warm day today. cooler pattern tomorrow into next we can. looking at our forecast animation we have a lot of sun on the way today. quality alert though. if you have any haze in the atmosphere, noticing that that is due to some of the fires to the east and southeast of us. looking at the fog, beginning to form through the overnight hours. and then getting into sda morning, see some patchy fog and check it out. it sets up along the coast making for a sea breeze and high clouds, a cooler afternoon for sunday. taking you into the temperature profile we're back into 60s here. so if you are out on the water or watching the blue angels, it will

i'm here at delta, they are sinking. the markets are softening a bit. we're up half a% with 59 minutes left of trade. >> i'm courtney regan. let's look at what's driving the action today hope for a deal as the president analysis talks will continue into tomorrow, yields sticking higher which has bank stocks and commodities rising as well but ipos suffer. youl uber, spotify is testing new lows stephanie we were just talking before we got started this market has to give you a little bit of whiplash. we're up for a second straight day but hold your breath maybe things will change tomorrow. >> you can't get obsessed with it you have to either have to be a long term investor or day trade. very difficult at this point look trade is obsessing everyone i can't wait for earnings. i'm super excited to talk about banks. i'm watching technology today. technology is 26% of the s&p 500 waiting. we have gotten a couple of surveys in the last couple of days that suggest i.t. spending is slowly. 4% this year, 3.4% next year you have to start to be more selective in tech

joint special operations commands first special forces operation detachment delta, also known as delta force, for the flawless execution of this mission. and without any u.s. casualties. i commend president trump it, his administration, for authorizing this raid and bringing one of the most dangerous men in the world to justice. they are doing good work in this syria situation. this will go down as a significant achievement in the war against terror. in the immediate aftermath of the announcement becoming public, motion rational people from both sides of the aisle celebrated this accomplishment but not all. you may have seen the headline in the "washington post." austere religious scholar dies at 48 years of age. even in this age of questionable reporting, this headline and others like it are reprehensible. it's last act on earth was to dead nate a suicide vest as he was being hunted down by some of our specialized military dogs as well as our personnel it, great work. so in doing so with the suicide vest, he also took the lives of his own children, three of them. u.s. special operatio

as we go down to the surface, santa rosa gusts to 36, the delta 47 miles an be hour.ut the winds will be picking up throughout the day. a look at the surface wind gustsed through throughout the afternoon. the purple, it continues through noontime, eases up a little bit. look how fast those winds are moving though. 36 miles an hour for napa, san francisco 25 miles an hour and right along the coast, this is noon and then through 3:00, we still have the bright colors over us, straight out of the north and also into monday the overnight hours, this is early in the morning but as we get into monday they do begin to ease up and our red flag warning should expire. this is a prolonged event obviously. our fire danger index shows much of the north bay into the diablo range, parts of the east bay here looking at 8:00 today and this certainly coincides with the gusty winds just continuing for the next 12 hours. as we go through the overnight hours it does ease up a bit. this thing is spreading fast, obviously, and the wind direction is drying out the atmosphere. we are down to a

delta, they've gave guidance this week. we already know whether it won't be all that fantastic. i argue, what's not going to be that bad what's interesting to me is despite the volatility in the market and despite considerable volatility in iyt, option aren't that elevated. right now the december volatility of iyt is about 20% we're see anything average move over the last 40 trading days, a move of 1.2% >> that would correspond to about 23-and-a-half. so it looks fairly cheap to me the other thing i would point out is like many situation, indices, there is some floor here i think the way to play this, looking out to december, i was looking at that time 175, 165 clip spread, sell the 165, you guessed it for 280 that's a net debit of $2.40. that's a quart over a distance between the strikes. this brings me to my question also, that also looks like a little channel here to me so one of the reasons i was looking at this, rather than selling and up call spread, there does seem took risk for me, that is obviously a question for carter. >> and a very real concern for someone making the

evacuation site at delta vista dd

got onto a delta air lines flight about to take off from orlando. she was discovered when employees asked for her ticket because she was in someone else's seat. the woman claimed she had thrown it away. other passengers describe her behavior as erratic. >> she was very laser focused on the back of the seat. she wouldn't make eye contact with anybody, and she kept repeating the same thing over and over again, and she kept yelling and yelling at me, cussing at me and threatening me. >> other passengers had to be rescreened. the flight was delayed for three hours. delta say it is cooperating with investigators. >>> breaking overnight, one of the suspects wanted in a deadly mass shooting in a bar in kansas city, kansas, is now in custody. javier alatorre was arrested sunday, but hugo villanueva-morales is still at large. both of these men are charged with four counts of murder in the first degree. last night family and friends gathered to remember the four men who were killed and the five others injured during the shooting which stemmed from an earlier

delta releasing follow in part, quote, delta working with local law enforcement and transportation securityation on their investigation and we're conducting our own review of this as well. nevertheless, it is clear something went really wrong. >> been another person who would have been real threat to the national security if -- delta these are two major factors. somebody failed huge and doing their job. >> fbi has been notified after all passengers were rescreened flight 1516 eventually made it from orlando to atlanta, of course, several hours after its schedule arrival time. lauren and cheryl back to you. : thank you very much. u.s. trade talks resume this week but investor worry following a report that china reluctant to agree to a broad trade deal the guy at merrick solutions joins us from chicago. scott, good morning. >> good morning. would trump accept a narrower trade deal i'm just thinking you know he's worried about reelection he has a impeach . push against him and look at what's going on on with china and hong kong. >> reelection is a year out i don't think he'll accept a narrower

what the catalyst could be consider this, we have results -- first guidance and then results from delta. we in results from united. all of the news that might be impactful as far as boeing is concerned, that's well-known already. there is no surprise really likely to come from that area. and that's really the issue with calendar spreads are you expecting that -- some news could come out a that would blindside the market or do we think it's baked in and a lot it baked in that's why it makes a great deal of sense to collects the premium for the weekly which is maybe eed at least as much as it should be. >> carter you want to dip the oar in here. >> independent of all the news and the this is news related you have a circumstance this was perhaps the best performing stock along with caterpillar basically a four fold increase of 100 to 400 off the 2016 low the past three years it's been biding times news notwithstanding i think ultimately the biding time is the setup. the rest before the next major up leg in the stock. >> so american airlines you're long the stock you like the long dated cal

look at sonl of this week's worst performers delta, rider, nofrls southern and american airlines leeting the path lower. our chart master says this could be the beginning of a bigger breakdown ahead carter, take it away. >> just that imagine a recovery in the market and yet transports down 3% says a lot about about a lot of things let's look at a few charts a one decade chart doesn't tell you much most everything is up over the past decked decade but relatively performance to the s&p, we are basically -- undown the entire thing back to where we were in '09 that's the issue, the problem. it's just this persistent and chronic slide, even as the index itself has advanced. look at one or two things. another way to look at it, more immediate rather than a ratio chart is a comparative chart the past five years you see the two colors, lines. s&p here and then transports. even as the s&p managed to make incremental new highs, not impressive as discussed by dan and others, what we know is that the transports from the peak have continued to do that. we have this divergeens that is the issue. okay

the first item on my report is the bay delta water control update. >> good afternoon, i'm steve ritchie, assistant manager for water. the update will cover the bay delta quality control as well as the board hearing, the stakeholder process which is a subject of the mayor's office letter to you and the upcoming planning commission hearing on water supply and analysis for new projects. first, on the bay delta quality control, the voluntary agreement process is continuing and unfortunately, not as much progress has been made as hoped by people. but last official correspondence from the state was july 1, where they anticipate anticipated hava decision in mid-october. october 15th was the date included by which we would have included and determined the voluntary agreement package was ready for formal analysis. that parse to not be the case and we're expecting a report from state and that will require a new schedule which might extend that deadline for some time, maybe to the end of the year. people are still talking and people are still approaching it with a positive attitude but it is just

like delta here. this thing is just way over sold it's come book maybe 20% or so from its peak a few months ago these airline stocks will stake it on the chin the consumer is still strong as long as that's the case they will travel. delta will be my number one airline. number one they don't have any 737 max exposure they have the ability to increase capacity while none of their competitors can be seen. they have the best maintenance team in the industry and that helped to extend the useful life of their aircraft which helps margins and they have the best margins in the industry. the third thing is their partnership with american express is the gold standard and it delivers cash straight to their bottom line while smoothing out the cyclical nature of their business with the 3% dividend yield, delta is a buy for me. >> you didn't mention the air bus exposure is that not an issue for you >> it's an issue at the same point in time we don't think these will be enacted. >> thanks a lot. more more trading na

evacuations are being ordered for the summer lake and delta road area in oakley. evacuation site at delta vista middle school. if you are in danger, don't wait. evacuate. all others please avoid these areas to allow first responders access. another fire burning in east concord county rig contra costa county. severely fast winds and tinder dry conditions toward the summer lake park subdivision. homes and mobile home park is being threatened. more information on the vicinity of bethel island and cypress roads in oakley. task forces have been dispatched and the contra costa fire district is asking to avoid that. sorry. moving on to this video you can see well peo a in the dark and so they've been trying to prepare and deal with that. this is video overnight of grocery stores, folks at whole foods trying to move all of those fringe rated items into freezer trucks outside since they don't have power inside. this morning nearly 389,000 pg&e customers across the bay area have no electricity like this whole foods in lafayette who are using flashlights to get by like so ma

but down the delta heading east that area not not so much. >>that our breaking news, you can see the top of being blown off of a tank at the a new star refinery in crockett this was shot by somebody with their cell phone camera in motioning is see the metal lid of this a gigantic tank that was holding a 167,000 barrels of ethanol. exploded and sent that metal flying into the air. this has prompted a shelter in acar of contra with the smoke that is billowing down when died has and we talk to the chp while ago we're talking about traffic a chaos that could last for hours maybe 6 hours. >>but again a shelter-in-place ordered for crockett and

yeah >> for those of you who like to follow delta does that hold true anymore? well, i had to ask >> yeah. and i'm not answering it quickly to imply that -- meaning it seems like too simple to be true, but the concept is very real if it's moving around on a truck or a rail or an boat or a plane it speaks to the level of business activity and output in the country and while that's maybe a little passe, there's something about a major index, the one that has more prices than anyone else not confirming the other and that's what we've got. >> all right mike, a last word? >> no, i mean, i'm kind of with that and look, we take a look at what the results we were seeing out of fed ex and others they speak to the new economy or the old. the new economy isn't better in transports even if some of the other areas of the industrials are not. >> all right well, from the transports to the industrials, take a look at caterpillar seeing a bit of a boost today, but still the the second worst performer in the dow this week. dan is betting today's move higher is nothing but a dead

while producing delta's profits.move will lead to a lose lose trade war and has published a video showing an employee ‘s 4000 workers in the us. another worry for the global economy already dealing with all that from the us china trade well. —— trade war. let's stay with trade tensions, because they are likely to be hot topic at the world economic forum in delhi which gets under way today. business leaders and policy makers are gathering in the indian capital for the two day summit — among them us commerce secretary wilbur ross. his boss president trump has been a vocal critic of india for levying "tremendously high" duties on us products. let's get more on this story. suranjana tewari is there. that's right, trade is likely to be very high on the agenda at the world economic forum here in delhi, and how south asia can impact global trade tensions, the theme this year is innovating for south asia and how they can have an effect on the global economy but on top of everyone's mind is those trade tensions, not only the

it slides down through the delta.blo range, look at these winds. 45 miles per hour, 30 miles per hour, these are dow to the surface. we'll see these winds gusting in the valleys. this continues into early saturday morning before sunrise. 70s in half moon bay. 60s in san francisco. 53 in redwood city. another warm afternoon, but boy a chilly start for some of you in the north bay. 47 for petaluma. 48 in santa rosa. get set for more mid 80s in oakland, palo alto. low 90s in the north bay. slightly better conditions. we go right back to a big event that will impact many more people. >> i know. it's unfortunate to see the outage map what we're looking at as far as the number of homes and customers. >> but friday commute, is it -- >> the friday commute is good. we can deliver any good news to people, it would be that. work with me, i know the bay bridge toll plaza looks scary. it's backed up there. metering lights came on at 5:25. once you get over the bridge it's smooth sailing. a live look at the san mateo bridge. a litt

and then speaking of delta, delta airlines, the airlines is warning that the wto ruling could, quote,us harm on u.s. airlines. again, many u.s. airlines fly the airbus. delta has ordered more than 250 planes right now from airbus, that's the order. we'll see if the order sticks. lauren: and staying with boeing, some disturbing revelations from one of their engineers who helped develop the 737 max. according to published reports, the engineer filed an internal complaint after the two crashes, saying the company's culture had an effect. boeing said quality and integ integrity are at the core of the values. cheryl: the ceo discussed why pilots were unable to prevent the two 737 max planes from crashing. he was in new york yesterday. here's what he said. >> the early information established that in both flights a software function activated in response to incorrect information from an external airplane sensor, as part of a broader chain of events. this cree oughte korea ated mord for -- created more workload for the pilots. cheryl: southwest airlines says it doesn't expect to fly the 737

and delta is very glad to be one of the only four giants without that exposure.t is because it is not dealing with the operational headaches. on day one, there are going to be consumers aware of the fact i'm not sure there is anything boeing can say to reassure people >> i'm sure you know a lot of pilots i've spoken to a couple of pilot friends who have flown the 737 max. they have talked about the plane, they don't really like it they say it is kind of jumpy is there any chance this plane will never fly again >> i've thought about that it is a good question. it is obviously a very, very small chance we have seen other things happen here that seem improbable. the idea we've been looking at a year of grounding. that is possible as march comes around here. it is a different kind of airplane boeing not being able to just slap new engines and then dealing with mcas at some point this plane will get back in the air flying safely and people move on. >> we have to go but just because we bring it back to service doesn't mean you have to get on it. if you are united and a

we are great particularly after al-baghdadi was killed over the weekend by dealta and special -- by delta and special operations forces. there was not a single loss of life or serious injury. a successful mission. >> yesterday my father did the announcement where he gave credit where it was due. he gave it to the guys on the ground, the soldiers who were there. the joint chiefs of staff, the k9 units that was there. the last time it was iiiii. it was so important to see him recognize the members of the armed forces. liz: you mentioned the first person singular. this is a president who rarely uses the expression. i can remember state of the union addresses by obama rough heard the first person singular i throughout. the president uses the first person plural throughout his campaign rallies and every day peach. he's doing this for the right reasons. he got involved with this not because he needed the job. he knew what would come with it and the viciousness of the other side. last thing he said to me -- lou: what was that book again? >> "triggered." because we trigger the libs. the last thin