american airlines ceo doug parker retiring. doug isom taking the reigns.want to miss plus much more on yesterday's rally, the futures are pointing to a stronger open the dow indicated up 350 points after gaining 650 points yesterday. stay tuned you are watching "squawk box" and this is cnbc >>>. >>> we brought you in the last hour, less than an hour ago breaking news, american airlines ceo doug parker will step down in march president robert isom will take over phil le beau joins us now with an exclusive interview hey, phil. >> hey, joe. let's turn immediately to the two gentleman who are in the news right now for a transition that i know people have been talking about eventually will be happening. now it is happening end of march next year. doug i want to start first off with you why not? this is the right time to turn over the reigns to rob >> i have been ceo 20 years now, this is something we have been looking at you are right, this is something we have been working on for quite some time. frankly, the pandemic delayed it a bit. >> you probably would ha

but let's be clear, despite the comments from both doug parker as well as gary kelly yesterday, both the comments. they understand. the white house calls the shots here and the airlines, generally speaking, realize there is no -- there is nothing to be gained by coming out and saying, i'm not sure masks are a smart idea. so i think you are not going to see any more comment father that regard any time soon. >> all right rivian is set to release its first quarterly report as a public company after the bell today. >> yep >> phil, what are the risks here in this report because i mean the valuation is huge. >> right. >> it is not being valued based on what it's putting out today what should investors expect here >> it is not in the number these are the final q3 numbers, the preliminary numbers came during the ipo they are not going to be dramatically different it is the korch call, what does rj say about three areas that are going to get the most attention, r 1t pickup truck products as well as orders and delivers as well as r 1s, the electric suv then the amazon delivery van schedule, wh

>> for 20 years doug parker is the ceo. ep down as ceo on march 31st. he will be chirm the replacement is long time lieutenant robert isom to be the ceo of american airlines starting march 31st next year. prior to that he's been the president of american airlines since 2016 and if it seems like a long time to be president before being elevated parker said the retirement would have happened a couple years ago were it not for the pandemic a year or two? >> most likely we wanted do get through the integration. the last thing to do is a labor contract done in early 2020 and then the pandemic came and had to get through that and we are. >> if you take a look at american airlines shares back to when it came out of the bankruptcy in 2013 why are we doing that? because doug parker ceo of u.s. airways at time brought american out of bankruptcy, put them together and ceo since came out at $25 a share and now it's trading at just under $18 a share. back to you. >> phil, thank you steve, interestingly travel stocks broadly pulled back i

doug parker did not hear what was happening.hat he was responding to the hepa filtration. he was not responding to the masks. the biggest problem for flight attendants is that when there is inconsistency in communication, that puts us in harm's way because we are charged with enforcing that mask mandate. so those two ceos corrected the record with me. doug parker on the record for the whole public. i want to be very clear that the airline industry from the very beginning has worked with us to put mask policies in place even before the federal government put that in place, and they continue to support that and support the flight attendants. >> you make a good point about messaging, which has been an issue from day one of this pandemic on nearly every level, whether it be masking or even just the reality that that is an evolving science. that's the way science works. so looking at that, right, and just the need for clarification this morning based on comments from yesterday, as you point out, that makes your job harder. i was stru

doug parker says it was schedule issues were really the exception and not the rule. united c.e.o.ays the federal government did get a return on investment, seeing as though airlines survived the pandemic. >> the industry would not only exist, anything like it does today, had this not happened. it's not just about the industry. it's about all the millions of jobs that we support that are dependent on connectivity and aviation and getting people from point a to b. and so this was not only about saving the aviation industry. it was about saving an industry that is a critical cog in the u.s. in the global economy. >> reporter: american airline c.e.o. doug parker says another reason why these problems will not happen again at its airline is that it is aggressively hiring, adding 16,000 jobs in 2021, 18,000 planned for 2022. we will see if this all works going into the massive holiday rush. the tsa anticipates huge numbers. we just saw 2 million people pass through security at america's airports this past sunday. united airlines says its passenger loads are 20% greater, it says, for the

but doug parker has been true north.much everything and these people who -- not this this is -- try to measure a ceo he always gave you a level of confidence that american is going to be around you know there were other times when american was -- >> listen, there were decades where airlines didn't earn their cost of capital. then that changed. >> it lasted >> but there are have been no shortage of challenges for the industry, certainly over the last two years, and a big question mark about what the real turn of the business traveler will be and will we get back to our earlier conversation, you know, people not coming to the office as often. people not getting on planes as often. a road somhow now, we would much rather do it over zoom it works better. it's more effective. >> a lot of the travel budgets that people are making for 2022 are dramatically lower in terms of trying to find a place where you can cut expenses, people taking that one trip over to taiwan to hopefully have a dinner with someone and maybe they catch s

doug parker who appeared to agree with no need for masks at that hearing, now walking it back.er and was only agreeing that being on board a plane has proven to be a safe and healthy indoor environment. the tsa mask mandate on planes expires march 18th. it really kicked up a kerfuffle because so many people are working so hard to make sure people are wearing masks on airplanes. to hear a c.e.o. say, no, i don't think we might need them really stirred the pot. >> i think it's the timing of it. just odd. >>> well, a federal judge has overturned a $4 billion opioid lawsuit settlement with purdue pharma. the settlement had shielded the stackler family who owned the company from future lawsuits. the bankruptcy court didn't have the authority to give them those protections. big pharma plans to appeal. the cdc says opioids were behind overdoses in the u.s. between 2020 and 2021 when the toll topped 100,000 for the first time. >>> a new fund opening in the battle of abortion, the fda is dropping the requirement that pills used to induce abortion be picked up in-person. meaning they can

during a senate oversight meeting this week, ceo gary kelly and american airlines ceo doug parker hadn environment. >> i concur. the aircraft is the safest place you can be. it's true of all of our aircraft. >> those comments drew criticism. bastian said he doesn't agree with the remarks. of course, federal regulations require masks on airplanes. >>> still ahead, the cdc's wreck men dags on which booster you should get. >>> on this date in history, thewright brothers conducted their first successful flights using their flyer. >> kitty hawk. >> we were here when the wright brothers mate their first flight. when they came down here, the people thought they were crazy. but when we saw the plane fly, it was the prettiest bird we ever saw. it was the prettiest bird we ever saw ♪ ♪ ♪ downy's been taking you back, since way back. with freshness and softness you never forget. feel the difference with downy. ♪ [laughing and giggling] (woman) hey dad. miss us? (vo) reflect on the past, celebrate the future. season's greetings from audi. xfinity rewards are our way of thanking you just for being

breathe, jonathan doug parker, breathe! -- oh read people who can inform.hat book to pile grapple with powerful ejaculate sum of politics of grief, and the speech of white people, the traumas we've endured. but the overcoming power of love to remake american society. without black forgiveness, america wouldn't be what it is today. >> that is for damn sure. we are quickly, professor dyson, what role does professor washington -- lawmakers of the street have to play in this conversation that we're having? >> well it's extremely important. they are bickering, the futile feuding, and the nastiness of the resistance to try and engage the other. i'm not pretending that one-sided not one more responsible than the other, for who see now is the we're -- mostly all made up of on the right who refused to examine themselves to a prison of self respect. and savers -- and and humility. practice in that religious discourse, they are costly piping in america media. and they understand the politics of humility, and the grace and forgiveness and mercy that to motivate all of.

american airlines ceo doug parker just spoke.cellations but all of this money was worth it even still. here's what he told his oversight committee. >> like other airlines and numerous other businesses we have experienced operational challenges in recent months which we have worked to manage as much as possible, with the utmost care for our customers and team, while various pandemic related factors have caused our operation to run tight when extraordinary disruptions occur, these events have been the distinction exception, not the rule. >> reporter: now american says it is now able to hire employees to try and fix this problem long-term. 16,000 employees, it say it has hired in 2021. 18,000, it says, it will hire in 2022. we will see if this argument works on this committee hearing and if airlines are truly out of the woods as we go into the holiday travel season. the tsa says the numbers will be huge. united airlines says its numbers will be 20% higher than what we saw in the thanksgiving travel period, that's when we set a pande

liz: american airlines announcing a new ceo will pilot the company into 2022, ceo doug parker, steppingan 's president, robert iso m. parker is stepping down at the end of the year, after running the airline the past two decades he did lead american during the 9/11 crisis, and helped keep the airline afloat during the coronavirus pandemic. shares, let's call them flat-to- slightly lower right now , $17.78 apiece. as the securities and exchange commission investigates that deal between former president trump's social media company and the spac it hopes reverse-merge with called digital world acquisition corp., senator elizabeth warren of massachusetts was already on the case. she penned an open letter to sec chair gary gensler demanding a closer look at digital world. that was three weeks ago. charlie gasparino has this story what is she looking for? charlie: on why this thing, because she got involved could get tossed, and if it results in a case, obviously. they are just right now, its been disclosed there was an investigation by finra and the sec, they're looking at the filing, obviou

the ceo of american airlines, doug parker, will retire next year. are trading up with this news, up better than 3% on amr, american airlines parent. meanwhile, elon musk takes aim at biden's spending agenda. last night, coming out against federal spending for electric vehicles. watch this. >> honestly, i would just can the whole bill. don't pass it. that's my recommendation. >> what about the support, though, for the charging network. there are parts of the -- >> unnecessary. >> no? >> no. i mean, you know, do we need support for gas stations? we don't. maria: the reconciliation bill gives a tax credit to people buying electric vehicles that are manufactured by unions. meaning that the rebate is not as attractive with tesla's nonunion employees. the infrastructure bill did include 7 and-a-half billion dollars to expand the number of electric vehicle charging stations across the country. joining us now, tech analyst, pete pashal. great to see you. thank you for being here. your thoughts on what you're hearing from elon musk? >> yeah, i'll say this fo

fear of going overseas for state and domestic it will be important to see american, by the way, doug parkerhe didn't talk about the stock coll collapsing i like doug. >> i don't have an opinion, yeah i like -- >> that's the third thing i've mentioned. i think sebastian. i know him better than the other guys gary kelly is always great, come on, tells it like it is. happy now? is that all you wanted >> that's all you wanted is that too much to ask. >>> roku with a long-running dispute, it looks like they finally have a deal. what a week, david, it's been in streaming in general >> viacom had a good day yesterday. we had bob bacchus join us. >> thank you he did more forcefully answer questions than in the past a lot. he loves pluto. >> i try to block pluto. >> they're going to be spending a lot of money at viacom to obviously continue to roll out streaming. they did say subscriptions were rising, and have risen more than anticipated, even only a few weeks back in terms of during this fourth quarter. our parent company a different story yesterday, jim not having to do with streaming, but having

. >> airplane filtration systems do enough to keep passengers safe, doug parker agreeing an aircraftng back parker's remarks he was agreed on the quality of the air, not a mask requirements, this shows anytime you question anything, vaccine, masks, anything that comes down that the blue states are doing got to walk it back. stuart: a minor-league challenge to the biden mandate in airports, planes you wear a mask, that -- >> they are so locked in, their myopic view, they are not changing, anyone who runs in airline -- stuart: you have to change sometime, can't go 10 years from now. when i going to do it? >> a fine opening gambit from the show. you see some green, "the opening bell" is next ♪♪ ♪♪ ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. truist. born to care. we've been waiting all year to come together. ♪♪ happy holidays from lexus. get $1500 lease cash toward a 2022 rx 350. ♪♪ ♪♪ get $1500 lease cash toward a 2022 rx 350

american ceo doug parker called me on march 18 and i went to the headquarters were all of the ceos were camped out and frustrated with the response from days of meetings on the hill. i was honest with them. i said that the public is mad at you. there is a sting of inequality on our planes. your neck when to get anything on your own, but if you work with labor to her workers for their program, we can save the industry. we didn't agree on every provision that night, but the basic terms of the program were set. the next day, we started working together to get it done. senator cantwell and senator wicker, your leadership i cannot think for enough. in less than a week, the psp program became part of the cares act and our jobs were saved. i have to recognize the outstanding leadership of chuck schumer as well. we cap are health-care and retirement and kept paying taxes. we did not stress or need coverage for covid benefits. the workers first program saved millions of jobs. you made it possible to rejuvenate our economy. you have been in place -- facing inflation as we work in addition to meet

within the telephone with inside story parker, a frank assessment of the div headlines. subscribe now. however you listen to podcasts. ah, i'm only inside and doug, all he is help stories on al jazeera iran nuclear talks in vienna have resumed, but the body in administration has warned of new sanctions. if diplomacy fails, the u. s. envoy, robert malley spoke with our white house correspondent, kimberly hunk it. she started by asking him why the u. s. is still moving to tightened sanctions as a talks ongoing. is it helpful to be pushing for that as you're trying to get a deal? you know, we are prepared to get back into the deal as soon as possible as soon as are on it and we would lift all of the sanctions are inconsistent with adjacent to it. but in the meantime, we can stand by and not be prepared for world in which iran may be choosing to delay build its program, try to build more leverage. we honestly. 1 have to respond and so that's what we're doing. we're preparing ourselves for that that, that outcome. how concerned are you or how concerned is the united states that israel could potentially drag the united states into an armed conflict wi