american airlines to executive thomas horton and douglas parker met reporters. that's after the two firms officially reached an agreement. >> by combining the strengths of both companies we'll be delivering the most value to our owners and the greatest benefits to our customers and our people. about 3,500 flights a day in about 50 countries and the ranked third in the u.s. in terms of the number of flights. u.s. airways has 3,000 services per day mainly domestic flights and ranks number five. they are expected to take the u.s. airways name. realignment has been under way in the u.s. airline industry since the global finance crisis in 2008. this includes the united continental merger. the three leading airlines will now dominate the u.s. market. that's the latest in business. here is a check on markets. >>> palestinians have struggled for many years. many are unemployed and have fallen into poverty. prime minister shinzo abe says japan will cover nearly $40 million to help. abe made the commitment to the prime minister sayad when they met in tokyo. abe says he ho

airway ceo douglas parker, and amr ceo douglas horton, welcome to you both. mr. ker to you first, on the senator's fears it would hut consumers, what do you say? >> well, we're happy to address the senator's concerns, this merger is great for consumers, we have two complimentary networks over 900 routes served by two airlines only 12 have which overlapped. we putting it two airlines and fly to more places for more people, it will be good for consumers. neil: do you get a sense. address this to you mr. horton, that there is a consolidation going on in the industry. after delta bought northwest, and united and continental, and southwest, and they are 4 super carriers here. so by just the virtue of fewer choices there is a fear that they will get stuck behind the 8-ball, lay the elay them of thr concern. >> i think it enhances competition, before this deal you had two mega-carriers with delta and united, now a third that is fully competitive with those two on a global basis if you look in global context, you have their global alliances, sky, star, -- star, sky team a

reports say that douglas parker is expected to be the ceo of the newly merged airline.has been in bankruptcy, and an official announcement is expected tomorrow then the department of justice will have to approve that deal. we will continue to follow it. sorry, investors, there is no such thing as a free lunch, and that holds true for the too good to be true claims coming out of charles schwab. the ne guest says that the free etf trading is going to cost yo. chuck, welcome back to the show. chuck is from marketwatch. what i going on here? i thought everything was easy pc, no extra fees, and you are saying that that is not true? >> it might be if it happens with the etf that you want in the program. even then, we will have to see whether they wind up paying expenses. so if you get into a situation where a company says two charles schwab, we have to participate, a company, if they raise their expense ratio to help make up for the money that they are getting from them, you're going to pay and higher expensess at some point, you have to figure that you are going to pay at. g

airways ceo of douglas parker. while american airlines ceo tom horton will become chairman.he deal has been in the works and all the creditors forced american airlines to consider a merger. the merger of american u.s. airways will be slightly bigger the united airlines and it reduces the number of major u.s. airlines to 4. >> this year, gross cost of launching a cookie finder app to help connect scout cookie mongering customers. the app allows users to find out when and where a local group is having a sale, and then create calendars marking down upcoming cookie sales. >> if there are no both sales nearby, users can enter the contact information and ask to be contacted by their local scout with further details. >> users can share their findings with friends of facebook followers on twitter. >> still ahead explosive devices in a santa clara homes in the neighborhood is a panic mode. the welcome back. let us get a full forecast of the weather with erica. >> good morning james. visibility is at 0 in navato. it took a wild fog to develop yesterday's it is out of the gate early ar