breaking down the booty and appropriately named dom chu. hey, dom. dom? dom? >> all right. all right. okay. i'm here, i'm here. you caught me because they got mcdonald's and a big mack in one around and a storebucks unicorn in one hand. the reason why we're talking about these in particular the shares hit a record high today. also, guy, with etalk about a slew of these quick service restaurants, a different initiations and coverages throughout the course of the week. we had big ones from mcdonald's and wendy's, early in the week, a couple more upgrades, dominos and starbucks, early in the week. all of these initiations and coverages, all of that putting this kind of industry front and center. now the reason why i'm holding these guys here, is next tweak both these companies report. mcdonald's, record high and starbucks as well. who knows how far these unicorn drinks will take them. when it comes to the options mark, we are perhaps seeing some fireworks. when it comes to starbucks shares the guys are pricing what could be a 3.5% move up or down. with mcdonald's, with shares

stock splits, dom chu is in the newsroom with hor. ter: mem lisa, i could never split with you and the "fast money" team. i'm not the only one not splitting these days. where have all the splits gone? there was a time when splits were the norm. even in the rage. it might entice investors to buy stocks. the ownership relatively didn't change. but that trend has been going away. according to dow joan analyst, howard silvermatt there have been two companies that have split or are announcing splits so far in 2017 t. average stock price currently around $97 a share. compare that to 2012 t. average then $15 per share. much lower. in 2007, there were 28 splits the average share $52 a share. can you go back to 2000 fear the peak of the dot-com boom. the average stock price for the subpoena & p, much lower than today. the trend has been to let prices rise which may arguably kep them from as much. as more people turn to endecks, you wonder if high prices matter since it doesn't apply to moms and pops. they're not trading with that create and red

for more let's go to a man who's always on fire, dom chu. ve moments, melissa, about you i'm not nearly as the markets these days. while the s&p 500 has been on a tear year-to-date, the broader stock 600 index in europe has kept pace with the 5% gain in the s&p. individually, there have been some outperformers as well. look at the ftse in italy, up 5% as well. the benchmark german dax index north of 6% just in 2017. that's kind of the same story happening with the portugal psi-20, and sticking with the whole iberian theme, and spain, a whopping 11%. if you look over the past 12 months, it gets impressive in some ways. the uk ftse 100 up over 18%. the s&p is up around 15% in the same time. over the course of the past few months, a slew of investors and money managers have come out in support of the notion that europe represents the better investment opportunity looking against the united states. now, that has been the trend over the last year or so. but the big question now is whether that trend can last. a lot of it's going to depend obviousl

breaking down the booty and appropriately named dom chu. hey, dom. dom? dom? >> all right.ight. i'm here, i'm here. you caught me because they got mcdonald's and a big mac in one hand and the starbucks unicorn thing in the other. the reason why we're talking about these in particular the mcdonald's shares hit a record high today. also, about a slew of these quick service restaurants, a different, domino's pizza as well and starbucks earlier in the week, all these finiinitiat of coverages, upgrades in stocks, put this industry front and center. the reason i'm holding these guys here, next week both of these companies report, mcdonald's, record high, and starbucks as well. who knows how far these unicorn drinks will take them. however, when it comes to the options market, we are seeing some fire woshs. when it comes to starbucks shares, the options market already pricing what could be a 3.5% move up or down on the ooels of earnings. with mcdonald's with shares already near a record high, more near 2.25, 2.50. as we talk about fast food, big macs, unicorns, everything in betwe

cnbc's dom chu is back at headquarters breaking it all down. m. >> here we are, sitting on the eve of one of the influential earnings days of the season. we are talking about a slew of different reports including the top 25 companies in the land, intel, amazon microsoft for sure you get the picture. those four stocks have been contributors march to 6k, some of course more than others since it first reclaim the 5,000 dot-com bubble bust on much 22nd of 2015. intel gained about 3r8s in that time. it's not great. it's not negative. microsoft and alphabet have been stars. they gained north of 50%. we'll throw amazon up there. it's up a staggering 135% a. quick check only a that bet which reports tomorrow t. stock has traded positively after six of the last earnings report. they put in a move of 3% up or down on the heels of the report. so mem lisa, we could get serious firms tomorrow, not just alphabet and tech companies as well. back over to you guys. >> thank you very much. dom chu. pete najerian. >> microsoft. there is a stock. not just the optio

back over to you guys. >> dom chu at headquarters. would you hold a position there?d i think ultimately the euro is going to be very resilient here for the fact that it's some of the best current account surplus. i think the break away on the euro is going to 112. >> is that a fear that macron is going to be the winner? >> i think so. in the longer term, i think the you're are been okay. it's up for debate if france wants out. but, yes, it is a view i think political continuity we saw in the election is at least now seems to be more of a consensus view tan it was even a month ago when the dutch trump looked like he was going to be the guy to set a lot of dominos in the crosshairs. >> let's bring in rebecca patterson, a chief executive officer. >> thank you. good to be here. >> we seen destabilizeing events happen. they didn't destabilize the marmark market, right? >> if macron does well in the first round, there is no hope for le pen, i think you see the euro does go higher. if it's neck and neck like the polls suggest. we all know how great the polls are, then you w

back to you guys. >> thank you very much, dom chu back at headquarters. hit it out of the park in terms of eps and revenues. the big question is guidance. what will they say whether or not they are seeing a stand still in for instance lendsing or people planning to go public. >> i think we need to hear about revenue momentum. it's there. you got year over year revenue comps are fantastic. despite we look at the 2% spread. two rate hikes mean net interest margins are better. they have grown, they are bettert. they have a record equity and high yield issuance in march. i think people will be surprised by these numbers. >> that's the thing. like, for instance, when i pitched it last week with j.p. morgan. i look at the diversity of their business, the fundamental story, we are already there, if the earnings growth the revenue growth are there, the loans are a little weaker, that's kind of cooked in, that's why we have been easing back. i think that's the opportunity. i own that stock for that reason. >> i agree i love j.p. morgan. i think expectations are lo

back over to you guys. >> thanks a lot, dom chu in the newsroom.the conference calm, they tend to give guidance about the economy. a lot have been out talking about loan growth, loan demand, improving animal spirits. >> pete has been on this, everybody here has been on the bank trade. >> i haven't been. >> that's not true. >> go ahead. >> he's been off. >> i have been off. i went to -- >> the thing with the banks, even if the economy is slowing. i do think there is room for the banks hired. karen mentioned this last night. on the fact there will be reform, regulation rolled back. that's extraordinarily bullish. i'll say this to me, it's not multiple for the banks, it's about price per tangible book. at the height, they were trading anywhere from two-and-a-half to three times, now they're closer to 1.4. >> the regulation -- hasn't been able to get anything done yet. what gives you the confidence? >> that they will be able roll back regulation? >> i can speak with no confidence about that. i think out of all the things that president trump is trying

thanks so much, dom chu.hours former president barack obama will make his first public appearance since leaving the white house. obama is breaking his post- presidential silence at a forum at the university of chicago where he will speak with a group of students. i'm joined now by jennifer palmieri, who served as the white house communications director under president obama. i'm going to say he's an obama whisperer so i am thrilled to have you here. jennifer, aides have said that obama does not plan to challenge trump in his speech. there's one thing that you can say whether you like him or not that president obama is good at, it is giving speeches. whether or not he says trump's name, he's definitely going to be throwing some shade out there. >> that isn't the point of what he's setting out to do today. when he gave his final -- one of his final speeches in chicago before he left the presidency, he said that the role he wanted to assume and wanted all of us is to be the most important role of our democracy i

breaking is down, dom chu and resident foodie. hey, dom? dom?all right, all right, all right, i'm here. i'm here. you caught me, because i've got mcdonald's and a big mac in one hand and this starbucks unicorn thing in the other hand, but there's a reason why i'm holding them. more on that in a second. the reason why we're talking about these in particular is because mcdonald's shares hit a record high today. also, guys, we're talking about a slew of these quick-service restaurant different upgrades and initiations of coverages throughout the course of the week. we had big ones from mcdonald's and also wendy's today, also earlier in the week a couple more mcdonald's upgrades. domino's pizza as well and starbucks earlier in the week. all of these initiations of coverages, upgrades in stocks and price targets, all of that really putting this kind of industry front and center. now, the reason why i'm holding these guys here is because next week both companies report. mcdonald's, record high, and starbucks as well. who knows how far these unicorn dr

. >> thank you, dom, dom chu. you have gains of a stock looking to buy. mike has a way to do that with less. he is over on the plaza. we look at the stock with strategy. >> sure thing. this is still a bullish strategy. it's a more conservative one. number one, we try to look at situations where we try to protect future gains. obviously, amazon qualifies. secondly, this is something you don't have a margin of safety. stocks that might have a high valuation. finally, situations where you might have capital constraints, amazon is a very high dollar stock. owning a hundred shares will cost you $90. maybe it's a cheaper way to take a long bet. we are basically trying to identify where we think the stocks could go, number one, where it's come from, so the risk we are trying to avoid. right here we see the stock closed right around $900. what we can see, by the way, this is trading on the highs, we can talk to carter about this. but i was looking at the 925 level. because i think that if it's going to break out, that itself number you will sister to look for. so

dom chu here to tell us why. >>> brian, we'll dove tail off what rick santelli was talking about within areas and channels of support. if you take a look at this chart you may recall from yesterday we showed this chart to you yesterday saying financials are a point of concern. they are a laggard in today's trade on the heels of what's happening in syria and with the jobs number. with that support now acting as resistance for the xlf, the big etf that tracks them, take a look at some of these. the two ten-year spread, this is the spread between ten-year yields and two-year yields, some view it as a proxy for bank profitability. the wider the spread is, the more banks make in terms of profits. the narrower it becomes, the worse off they are. you can see here we've been trending lower for some time so bank profit margins could be squeezed because of this interest rate environment. as a result in the last month when banks really started roll overs, three have stood out in particular representing three different parts of financial services. number one, zion bank you can see here a down tre

dom chu is taking look at intel and starbucks. it would not be an earnings season without action. listening in, about to jump on amazon. we will hear from him later on in the show. let's go to susan lee who is in the newsroom. >> something a starbucks scam after hours on pretty strong volume. puts the earnings call under kevin johnson, sales an revenues missing. it's two quarters that sales have missed for starbucks. we would eventually get back to. kevin johnson says, the future is still all about technology. >> the critical transformative components required for any brick and mortar retailer to survive, let alone succeed in the future are, an engaging digital and mobile relationship with customers, that is threaded into a branded immersive experiential retail destination. >> okay. so you can extrapolate. >> that means starbucks mobile order and pay, highly important to starbucks' future. they experienced problems at the end of last year. remember the long complaints and long lines as a result of backed up orders. they are taking staff to fulfill those mobile orders and texting c

. >>> send it over to dom chu now. >> we're watching tassaro shares and those shares are down by 10%n relatively heavy volume. there's a number of factors affecting it. they're releasing the pricing data associated with one of their ovarian cancer drugs that meets the definition of perhaps a little bit of sticker shock. it could be anywhere from $119,000 a year to $177,000 a year. also saying this product launch moving forward implies the company may not be sold any time soon, which may be depressing the shares, and also any data they have about the drug in combination with america's ketruda drug won't be presented so a number of different factors weighing on tesaro shares. >> i've been watching that, dom. thanks for sharing those various reasons for that decline. >>> we're awaiting the president's meeting with steel executives of course at the white house. the president expected to sign an executive order that would direct the commerce department to investigate whether steel imports into the u.s. should be blocked on national security grounds. u.s. steel ceo mario longe will join "t

let's go to dom chu in the newsroom with more. >> we're down 19% on nearly 6 million shares of u.s.teel down after posting disappointing first quarter results. they are pointing to operating challenges preventing it from bengals in the industry overall, 2017 guidance come income light of analyst's expectations. you have steel makeer's stocks dropping as well. take a 'look at ak steel and nucore, steel dynamics in the after hours trade on relatively heavier volume for this time in the afternoon. we will learn more by u.s. steel when they come to a conference satcom. >> that happens tomorrow morning. u.s. steel one of those big beneficiaries on that infrastructure trade on the heels of the election. it peaked out around mid--late february. it has been trending lower ever since. this isn't hurting matters. back over to you. >> there is some interesting inter-day action on this along with the other steel makers around 11:00 today. a big dip in the shares in u.s. steel. so i don't know what was going on. maybe they got a live of what happens happening tonight. what do we do? >> i don't t

. >> our thanks to dom chu for being the sideline reporter. >> on behalf of the whole team -- >> thanks for watching the stock draft. closing bell starts right now. ♪ >> that was entertaining. going to be hards to top. >> wait until you see what's in store. >> i think i know. i'm sara eisen with a lot on tap. >> we do. we're late. stocks modestly higher as investors continue to assess the president's tax reform proposal as -- looking at a busy day for corporate earnings. nasdaq on record for new highs, other averages higher, but not there yet. >> speaking of earnings -- >> oh, boy. >> coming up for you in this edition of "closing bell, amazon, alphabet, microsoft, intel, and starbucks reporting earnings today. breaking down intel's big quarter exclusively to the cfo, bob swan. >> there's a bunch of others out there. >> just went with the headlines. >> i hear ya. all the first five minutes of next hour. alphabet may dominate the digital age, but martin sorrell said amazon is the biggest threat to his industry, and he's joining us in a moment to explain why. first, let's begin with the re

back over to you. >> thank you very much, dom chu.nvestors getting too addicted to the company now also? let's bring in michael who has an overrating. great to have you with us. >> good morning. >> i know you don't cover the supply side of it. to this point apple is trying to cons consolidate the number of suppliers it uses and bring some of that manufacturing in house which is why it's yanking that contract with imaginations. it makes sense given tim cook's background in supply chain but is that what you want to see as an analyst to have them bring some of these capabilities in house? >> i think it's it's a good move. they have in house r&d horsepower to do that and in general it can drive margins higher if you're able to in source more of those products. there are certain things they're not going to be able to make and have the roi related to certain components that it makes accepts to outsource to others. we think insourcing some components is a good idea. >> when you look at the iphone 8 and some of the developments and the featur

dom chu, thank you very much. pete? >> yeah? of certain stocks -- >> you know, amd is an interesting one. >> my coach. >> yeah. as recently as last week, someone came in and sold an incredible number of puts to the upside and calls to the upside. and it's risk reversal. >> it's already moved in a massive way in terms of that trade alone. they're going out to april very short-term. there are names i still think have plenty of upside in the group. >> we were joking, because that was dan's -- >> no, you were really -- >> my mistake. >> a lot about -- how about another stock here? >> we were talking about chesapeake. i think if i'm going to be investing in the energy space, i actually think the rebound we've seen is second quarter is better, eog. it's going to be the most operationally leveraged to an uptick in oil. >> i was going to say, give me the pipelines. kmi, terks p, all these various ticker symbols have been getting hit with up side buys. >> you're also upside buying? >> yep. >> can i have one? >> of course you can, dan. >>

we've got a market flash now with dom chu. >> shares of anadarko petroleum are down. they are going to shut down more than 3,000 colorado wells. those closures are in part due to an investigation into a deadly house explosion that did kill two people. now, in a statement, anadarko said it is cooperating with investigators and state regulators to figure out what caused the blast. but that's one of the reasons apc shares are down that big. >> dom, thank you very much. >>> well, technology may be the best performing sector this year, but health care as a group is not far behind. in fact that sector is up nearly 10%. meg terrell focusing on four earnings movers for us. meg. >> we've got quite a bonanza in biopharma earnings and it's been a mixed day. let's start with amgen. they reported after the bell. while they did beat on earnings, they missed a little on revenues. that's being driven by one big drug so the stock trading down today. it wasn't the same for abbvie and that's why the stock is up almost 3%. they have humira, their biggest money maker. that one not seeing

our dom chu here with that story. >> scott, to further that conversation you guys just had about whether financials do well, take a look at this because we asked our data partners over at kensho to crunch the numbers, over the last decade, again, since back in 2007, we asked what happens when rates drop? by 30 basis points, kind of like what we're seeing now, 30 basis points in the span of one month. it's happened about 35 times in that span. the reaction of the stock market's pretty marked. the s&p 500 broadly down almost 3%. it's only been a positive trade 23% of the time. so yes, three quarters at a time, it's a negative trade over the past ten years. financials, taking the worst of the heat here down by about 6% on average, materials and industrials also in that mix as well. so some of the more cyclical sectors, and you can see here, the trade positive side of things, they don't happen very often. so as we talk about whps when rates drop, financials part of a focus here. materials and industrials also scott sectors to watch. >> thanks. prefed. goes down 30 basis points. >> yeah. >> w

dom chu at the wall, when the fed talks about valuation of the u.s. stock market, good things don't generally happen down the road. >> overall guys, yeah. listen to what they said. in those minutes they said some participants actually thought and view equity prices as quite high relative to standard valuation measures. directly from their statement. so kensho looked at all the times the fed has raised concerns about valuations and the impact it's had on the stock market since those comments. if you take a look at some of those numbers, those fed officials addressing what they consider to be those loft evaluations in the market. so our team worked together to find six times when high valuations were mentioned in fed minutes going all the way back to 1996. yes, it's a limited data set. but on average, each of the major stock indices, like you can see here, posted losses on average in the year following those meetings where valuations, loft evaluations were mentioned. now, the dotcom bubble burst plays a big part in some of those outsize losses, especial

let's get to dom chu. >>> shares up more than about a percent and a half right now. they're on track to snap a five-day losing streak. this after ceo tim sloan and the chairman reported purchasing wells fargo common stock on the open market. they paid $51.65 a share. sanger and sloan report the purchases of 58,000 and 59,000 shares respectively. the financial select sector spyder. still insider buying, michelle, cause for bulls on wells fargo. the stock off about 15% since its record highs last month. >> climbing a little bit today. thanks so much, dom. all right. we've shown you that video over and over again, a man being dragged off a united plane. now united airlines changing its booking policy ahead of its earnings after the bell today. plus, rival delta piling on united. we'll tell you about it. plus, why the death of the hedge fund may be greatly exaggerated. that's straight ahead on "power lunch." lunch." so how old do you want to be when you retire? lunch." uhh, i was thinking around 70. alright, and before that? you mean after that? no, i'm talking before th

dom chu brought you this news.fair dropping on reports amazon is launching a furniture program. >>> the possibility of a government shutdown, president trump's first 100-day mark rapidly approaching all this week. and it is, to put it mildly, a big week in washington, for washington and the kcountry. ylan mui with the latest. run us through it, ylan. >> reporter: the big sticking point are the negotiations to keep the government open has become the border wall. the white house is demanding any bill include money to pay for it. donald trump tweeting saying the border wall would keep drugs from pouring into the country and poisoning america's youth. but for their part democrats say there's no way they're funding a wall especially since mexico was supposed to be the one to pay for it. white house chief of staff reasons priebus did open up wiggle room. he suggested money for planning and perhaps border security more broadly might do the job. lawmakers are trickling back into town over the next few days after the easter

let's -- dom chu with arconics's earnings. how do they look? share versus 24, revenue at 3 billion, but, of course, the numbers are playing second fiddle these days to the development at arconic, spunoff from arcoa, downstream or value added engineer product side of the aluminum business, make aerospace parts, and klaus and ceo of arconic was dismissed from the board of directors for improprieties that happened with elliot mountain there. i will tell you guys, sara, bill, aside from the top line and bottom line numbers, there is yet no mention of elliot management or klaus in the release. of course, the conference call may be a completely different story. that happens at 5:00 p.m. eastern time today. a conference call that i'll be on listening very closely to to see if there's any mention in there whatsoever, bearnings bea, stocks beat, moving up after hours session, and we are watching and listening closely for any mention what happens going forward with that activist investor elliot management and what happened to the former ceo, guys, back t

. >>> more pain may be ahead for the tech sector overall, dom chu is here with the details.> the problem is some traders are looking at the momentum side of things we spoke about a few moments ago. if you look at the biggest players out there, they're watching the technology stocks and the reason why is because of these charts here. that's the xlk, tispyder technology etf. this etf is showing perhaps signs of slowing down to a point where it could be moving below its long-term trend line. that follows what we've been talking about with regard to bank stock, financials overall, with theed where they breached that level and are turning lower. talking about the two biggest sectors in the s&p 500 rolling over. technology the biggest financial. if you put those sectors together, you're talking about 36% of the overall s&p 500 which is one of the reasons why you're watching this kind of no movement here tracking along these lines so the issue becomes whether or not if tech can hold up that becomes a big harbinger for the market. we speak about transportation and small cap indicato

let's get to dom chu. >> we're watching the shares of time inc.traday chart, we have seen a dropoff in the shares. hovering near session lows. this is satisfy a reuters report -- this is after a roitders -- reuters report that says meredith had made a preliminary bid for time inc. that fell short of time's expectations. that again citing the sources fame your. and in the reporting they're talking about this idea that there's a gap in valuations. this follows edgar broncman and the investor attempts to buy it last year. as we talk about time inc. and meredith that's the reason that the shares are moving the way they are right now. the story goes on to say that time is looking to engage still with what's happening with potential bidders. so we'll watch the time shares for sure. now off 3% on heavier relative volume for this time of the morning. we'll see what happens. we'll have that and more coming up after the break on "squawk on the street" so keep it right here on cnbc. here on cnbc. i'm val. the orange money retirement squirrel from voya. i rep

. >> our thanks to dom chu for being the sideline reporter. >> on behalf of the whole team -- >> thankst. closing bell starts right now. ♪ >> that was entertaining. going to be hards to top. >> wait until you see what's in store. >> i think i know. i'm sara eisen with a lot on tap. >> we do. we're late. stocks modestly higher as investors continue to assess the president's tax reform proposal as -- looking at a busy day for corporate earnings. nasdaq on record for new highs, other averages higher, but not there

let's get to dom chu with a market plas"market flash." >> dow's almost.5% up, almost at session highsdow components, caterpillar, stock also near its best levels today standing up as the top performer around contributor to the point gains. dow shares up for a third straight day gaining nearly 4% just over three sessions. caterpillar, up 13% since donald trump's election in hopes of increased spending on infrastructu infrastructure. up 28% over the last 12 months. >>> shares of carmax are jumping after the company reported an earnings beat. shares down more than 10% though because prices in the used car market are falling. >>> tesla shares have been on a hot streak up 40% this year. the automaker get iting a ratin meaning it is no longer in danger of a ratings cut. one analyst is sticking with a sell rating. brian johnson, senior auto analyst at barclays. he reiterated his underweight rating on tesla and his $165 price target which is about half of where shares are now. you being a knowledge this is mostly momentum driven stock, that investors have sort of taken a leap of faith and tha

mega caps, dom chu has more on that story. good morning. >> good morning, guys.t the idea that the nasdaq composite hits a record close yesterday there are certain stocks driving most of the action but not everything is all that healthy. take a look at this. we're going to call them pillars of the stock market because if you look at the top five companies in the s&p 500 by market value. they represent about 12% to 13% of the overall index, just those five stocks alone. so when they do anything, they carry a whole bunch of weight around with the index. every one of those stocks in the top five is positive year-to-date. so they have a lot of at least ammunition and firepower for the way that the markets are working overall. take a look at this. because the names are familiar, and they're pretty much just all technology. apple is already up 23% year-to-date. alphabet, parent company of google up by almost 10%. microsoft up 6%. amazon not technically technology, retail, but it's still up 20% and facebook is up 25%. when you have apple, facebook and amazon all up 20%

i do want to get to dominic chu for some details. dom? >> carl, what we know right now in the last hour or so, general motors has filed a statement with regard to david einhorn, hedge fund manager and his green light's proposal to take gm and slit it into two different share classes, one paying a heftier dividend than the others. general motors has reserved the preliminary materials filed by green light capital. the company's evaluation remains unchanged. gm presented the dividend idea to the rating agencies fully and fairly and their public statements issued clearly indicate that they understand the idea of all of its facets would represent a credit negative event if implemented. they are referring to, among others, a moody's report saying if gm did adopt the green light proposal, anyone it would result in a credit watch negative event for the company. it is a story we are watching consistently. that's the latest we have for right now. as we know more, we will bring that to you. back over to you. >> thank you, dominic chu. when we go bac

dominic chu is looking at the list and he has found a couple of names that could be risky but yield some high returns. hi, domft in honor of the nfl draft and everything else, we will be looking for position players and stocks that fill needs at certain positions and gaps in line-ups here. look at these names because we combed through the list of possible draft candidates to take a look at which ones could have the most potential upside or down side, or the most risk or return. so look at some of these names. first of all, one that's been beaten up like crazy over the last couple of years, valeant pharmaceuticals, but according to analysts could have 8% upside potential. do the analysts have it right or do they need to bring down their expectations. a steady performer, pfizer on the pharma side. analysts think 12% upside. if you are looking for a steady player, maybe a linebacker, that sort of thing, that could be one of the stocks to watch. apple, some would call it the quarterback of any stock portfolio, still the 6% upside. one to watch here, tesla. this stock has been on fire, a huge tear, near record hig

chu -- >> i don't think anyone told him that, joe. i think he just made it up. >> they could be fake numbers. >> so, dom, united. >> united.ies and everything went awry with this passenger, a physician in kentucky. but if you take a look overall, the comments are now apologetic. they didn't start out that way but now ty're turning about face and we're going to talk about the apologies. oscar munoz making statements this is never going to happen again. they're pledging an internal review. it's going to be completed by the end of the month. they're never going to let law enforcement on the plane again to take a paying passenger off. he spoke this morning again on "good morning america" just talking about this idea of apologizing and trying to get maybe their ducks in a row a little bit. take a listen to what he said with regard to the culpability of what happened and who was to blame. >> do you think he's at fault in any way? >> no. he can't be. he was a paying passenger sitting on our seat in our aircraft and no one should be treated that way, period. >> it took him -- >> come on, that was the right answer. >> it took him a