jetblue is offering to purchase frontier airlines for 2.6 dollars million and that could -- $2.6 million. >> jetblue is offering to buy spirit airlines for 3.6 million airlines, throwing a wrench into spirits agreement -- $3.6 million, throwing a wrench into spirit's agreement to merge with frontier airlines. >> jetblue's bid is seen as many as an attempt to slow down that merger or to potentially acquire it. >> any merger would face antitrust scrutiny. just last year jetblue was sued to reduce -- the same thing could happen if jetblue acquire spirit. >> consumers may be looking at higher air prices as we see the airline industry consolidates. when a merger happens, routes get cut. >> that could spell trouble for travelers. more than 10,000 flights were canceled due to technical and staffing issues. the problems compounded by spring break travel, taking off. demand and rocketing fuel prices mean that fares are taking off. domestic airfares are up 40%. >> we expect airfare to rise all the way into june. it will increase by 30 more dollars -- $30 more per ticket. kumasi: san francisco's mt

. $6000000000.00 bid to purchase discount. carrier spirit triggering a bidding war with frontier airlines. frontier had recently proposed merger with spirit, which now says it's considering jeff loos offer you can have a more american oil executives defended the rising price of gasoline at a congressional hearing. leaders of exxon mobil, chevron and 4 other companies said they were not engaging in price gouging. they put the blame squarely on higher costs for crude oil, saying rising prices are beyond their control. president biden was staying with markets. wall street has been bracing for more aggressive moves by the federal reserve to combat inflation. new minutes from last month's fed meeting were released on wednesday. let's korean quarter in new york for more years. these minutes are often seen at the latest clued to what the fed is thinking, what have investors glean from these latest minutes? well steven, the doves are out and the hawks are in the federal reserve. it's going to be much more aggressive in the month to come that at least those some fit minutes that the next meeting e

frontier's shares have since fallen, reducing the value of that offer. spirit airlines and decide what's best for its shareholders. >>> and everyone's favorite baseball stadium snack just got a new teammate. move over cracker jack, and make room for cracker jill. for a limited time, frito-lay is adding a female version of the famous treat to celebrate women in sports. to mark the occasion, they unveiled a reimagined version of a classic baseball song. let's listen -- ♪ take me out to the crowd buy me some peanuts and cracker jill ♪ ♪ no one can stop you if you have the will so let's ♪ >> that is singer normani with the updated "take me out to the ball game." cracker jill will be at concession stands around the country just as baseball season begins. prize inside included, anne-marie. >> i can't wait to see what the prizes are inside. and it's not just this which is a great idea, but the company's donating $200,000 to the women's sports foundation. and you can get your hands those bags just in case i think if you don't go to see a ball game, i think you can just donate,

airlines for $3.6 billion throwing a wrench into spirit's agreement to merge with fellow low cost airline frontierlines is currently in talks with frontier to create an ultra low cost carrier megacarrier so jetblue's bid is seen by many as either an attempt to slow down that merger or to potentially actually acquire it. >> reporter: any deal would face antitrust scrutiny. just last year the justice department sued to prevent jetblue from partnering with american airlines arguing it would drive up prices and reduce competition. experts say the same thing could happen if jetblue acquires spirit. >> consumers may be looking at higher air prices as we've seen the airline industry consolidate when a merger happens routes get cut, planes get put on routes that are more profitable. >> and that could spell more trouble for travelers already enduring frequent delays and cancellations. just last weekend more than 10,000 flights were canceled due to bad weather and technical and staffing issues. the problems compounding by spring break and postpandemic travel demand taking off. that demand and skyrocketing j

because we have news on frontier airlines responding to jetblue competing offer for spirit let's get latest developments, phil? >> melissa, the statement from frontier which just came out is a very clear rebuke of what jetblue is proposing, in fact, the company takes jetblue's proposal to task saying oh, no it is not superior to our offer saying unlike the compelling spirit-front of the net combination an acquisition of spirit by jetblue a high-fare carrier would lead to more expensive travel for consumers in particular the significant east coast overlap between jetblue and spirit would reduce competition and limit options for consumers. it is surprising that jetblue would consider such a merger at this time, given that the department of justice is currently suing to block their pending alliance with american airline s. frontier is not backing down i think this is a clear indication, melissa, that frontier while they're not raising their bid, they're not changing anything, they already have a merger in place with spirit, they intend to make sure spirit shareholders and spirit board is

. >>> right now, jet blue and frontier airlines are put in a strange bidding war for spirit airlines,february jed jet blue came in with a 3.6 billion bid with annual synergies. now you may think this is sighting merger mania, me i think it's idiocy, it's a waste of time. why? the regulators and the federal trade commission and justice department will do the best to block either of these deals. i'm convinced they will let it happen, i'm appalled at the advisers are being incredibly irresponsible here i almost can't believe they are being paid for this advice might i be so confident in bind basically is like the obama justice department i know they feel tremendous remorse that they allowed so many major airline mergers back in their day united and continental, u.s. air merging in 2013. they permitted an enormous col sol days ago given the pricing price for the examiners. you know it's clear they are a threat i talk to people from the obama administration, they wished these mergers were blocked like the merger between at&t and moment i was at a conference, when that fear was announced in

airlines for $3.6 billion. this throws a wrench into spirits agreement to merge with frontier.ue offering all cash and 50% more than what frontier plan to pay. ilhetblue fetoheoa and make decisio onhat is best for shareholders. last year the justice department sued to prevent jetblue partnering with american airlines, arguing it would drive up prices and also reduce competition. some worry that could happen if this merger takes based. >> consumers may be looking at higher air prices as we see when the airline industry consolidates -- when a merger happens, routes get caught. gloria: domestic airfares are already up more than 40% since the beginning of the year as the post-pandemic travel demand takes off and jet fuel prices increase. this is being compounded by spring break travel. an economist at online booking site hopper recommends prices keep rising through june at about 30 dollars per ticket. the average domestic airfare is now $330. experts recommend booking your flight by early may if you are planning a trip this summer and they say there are deals. the key is to be flex

. >>> hit airlines jetblue elbowing its way into a merger between spirit and frontier airlines sendinggher than the frontier offer. here's what was said this morning about this on "squawk on the street." >> when you scratch behind the surface and you look at what the regulators are trying to do, make sure as result of these combinations fares go down rather than up, we actually believe a jetblue/spirit combination would have a more profound and personal nenlt effect nationwide on lower fares than merger of the ultra low-cost carriers. >> shares of jetblue sharply underperforming in the market. down more than 8%. joining us on the newsline elaine becker, research analyst. wall street doesn't steem to lik this move. do you >> well, we sort of think that the, the merger creates a large airline but the business models are pretty different one is a low-cost airline with a high-cost product, and the other is a low-cost airline way low-touch product. i'm not sure how that's going to work together and one of criticisms the other is they're both very big in south florida much bigger together th

shares are being cut by jetblue after being bought by spirit airlines frontier, the airline that agreedabout 10% we were told last hour that a merger with his company will be better >> when you scratch behind the surface and see what regulators are trying to do, which is to make sure the fares go down, we believe jetblue/spirit combo will have a better effect. >>> tilray shares jump after a surprise quarterly profit. and they announced an exclusive deal to sell hemp powders and whole foods. >>> and a key index is down another 6% application volumes are down 41% over the last year back to you. >> thank you >>> as we look at the nasdaq, it is down 2.4% in a significant pullback for tech stocks what is moving in that sector? >> we are seeing the tech stocks are extending yesterday's declines you have growth and value. investors are waiting to hear. you have apple, meta, alphabet, all about 2% lower amazon and netflix trending well more than 2% lower and twitter still trending higher after elon musk admitted his 9% stake in twitter is not passive. and you have a low hit we haven't seen in a

proposed merger between frontier airlines and low cost rival spirit might be in danger.ulators that jetblue has now jumped in with an unsolicited $3.6 billion all cash offer. that is significantly more than the 2.9 billion. that frontier offered a frontier spirit merger would create america's fifth largest airline, jetblue is by itself sixth. the final decision is up to spirits board and federal regulators. some major employers are hiring and recruiting workers at career fairs here in the bay area. the first one took place today in oakland. because of the pandemic. it was a rare opportunity for job seekers to meet face to face with recruiters. several companies and agencies including us ecology, pg and e. orkin, pest control, california water service, the fbi and the california department of corrections were on hand. the job seeker. turnout was low, but organizers say there are plenty of jobs being offered. the candidates just aren't coming out at this point, and there are a number of different reasons for that, and a lot of them are good reasons, but i can tell you this

back in february, spirit announced plans to merge with frontier airlines.esterday, jet blue swooped in with a better offer. jetblue wants to buy spirit for $3.6 billion plus $55 extra for carry-on. [ laughter ] the jetblue ceo said "customers shouldn't have to choose between a low fare and a great experience, and jetblue has shown it's possible to have both," and spirit airlines has shown it's not. [ laughter ] spirit in real estate terms, is what you'd call a "fixer-upper." it'd be a clash in cultures for sure. spirit is a budget airline, no frills. ever fly spirit? jetblue offers things like free wifi, snacks, drinks and has a real bathroom instead of a bucket that everyone passes around. [ laughter ] senators elizabeth warren and bernie sanders said they were worried about the merger worsening customer service. a spokesperson for spirit just started laughing hysterically until they had to carry her out. [ laughter ] i don't know. this is kind of a bummer for me. if there's no spirit anymore, who are we going to make fun of? [ laughter ] look out allegian

. >> jetblue, southwest, alaska airlines, frontier, spirit, and american airlines were most affected.oming up, speaking out for the first time about the oscars slap. what actor denzel washington said about will smith. >>> and vaccine card scam. why a german man allegedly received dozens of covid shots. >>> this is the "cbs morning news." >>> this is the "cbs morning news." ♪ ghirardelli caramel squares. makes life a bite better. if your moderate to severe crohn's disease or ulcerative colitis symptoms are stopping you in your tracks choose stelara® from the start and move toward relief after the first dose with injections every two months. stelara® may increase your risk of infections, some serious, and cancer. before treatment, get tested for tb. tell your doctor if you have an infection, flu-like symptoms, sores, new skin growths, have had cancer, or if you need a vaccine. pres, a rare, potentially fatal brain condition, may be possible. some serious allergic reactions and lung inflammation can occur. feel unstoppable. ask your doctor how lasting remission can start with stelara®. j

laughter ] >> jimmy: toilet paper -- a toilet paper race. [ laughter ] it looks bad, but on frontier airlines in first class [ applause ] so, it's not bad and lastly, before we go, i'd like to take a moment to thank some of our sponsors for tonight's show they don't always fit in the commercial breaks, and we want to make sure that we mention all of them. so it's time for "tonight show sponsors." here we go ♪ tonight show sponsors ♪ ♪ tonight show sponsors ♪ "uber. allow our driver to break the silence with an insanely inappropriate political opinion. [ cheers and applause "peeps this easter, gag slightly on a a marshmallow. [ applause ] "corona. sure any beer would be good on a beach, but we made the commercials first, so -- [ applause ] "lids. things tense at home come try on hats for four hours. [ applause ] "blue apron. here, you do it. [ laughter and applause "marvel. we ran out of superheroes like seven movies ago and are totally just naming new ones after things we see in the room." [ laughter and applause "guitar center thanks for coming by to practice 'stairway to heaven' for three h

. >> jetblue's bid for spirit airlines could spoil spirits merger with frontier airlines. billion dollars for spirit. the offer came after spirit and frontier agreed in february to merge the new york times reports. analysts say jetblue's offer is worth more than frontiers. u.s. airfare prices are up by 40% compared to january. and prices are still expected to increase more. that's what travel experts say. analysts at hopper, the travel apps, a round-trip domestic flights are now averaging $330 as compared to $235 at the beginning of the year. >> has also an increase of 7% over pre pandemic pricing back in 2019 and hopper predicts prices will increase another 10% by the end of may. a new exhibit exploring the history of chinese american women held its opening ceremony today at the san francisco main library. the exhibit is called her story on views. the legal history of chinese american women. >> it explores 165 years of discrimination and exclusion that many immigrants faced dating back to the gold rush to exhibit seeks to highlight the ordinary people who fought for their

to buy spirit airlines frontier also wants to acquire the budget airline. our correspondent markie martin reports now on this bidding war and what it means for travelers. >> and historically, we've seen when airlines merge prices do go up for consumers. >> right now it's a battle for spirit airlines, both frontier and jetblue vying to buy the low cost carrier for billions. clint henderson with the points guy. says get ready to dig deeper into your pockets. if a spirit merger happens, you're going to have less competition in this space. and that usually means higher ticket prices. probably not great news for consumers net net, but there's a chance it might not even get approved. neither one of these mergers. but if there is a winner. >> looking at to partnerships with very different results. time at 2 totally different airlines here. they will be 2 different base. if it's a it's a frontier merger. it's going after budget travelers. if it's a jetblue merger, it's more business travelers and higher and consumers. one thing is for sure, either merger would crea

in february, spirit agreed to merge with frontier airlines. >>> another republican lawmaker who votedo has represented southwest michigan for more than 35 years, announced his retirement yesterday on the house floor. upton has a long record of bipartisan legislation and is well respected on both sides of the aisle. here is part of his emotional speech. >> even the best stories has a last chapter. this is it for me. i've done the zillions of air line miles, cast more votes than anyone in the chamber, and on most counts, succeeded in making a difference with unfinished work yet to come. arthur brooks wrote three traits most important in life, honesty, compassion, and faith. i'd like to think those yardsticks were passed along by my parents watching on c-span now. someone asked my wife, amy, what would be the next chapter? she said, and they lived happily ever after. indeed, we will. >> upton says the latest redistricting map was the key factor in his decision to retire. not the backlash over his impeachment vote. of the ten house republicans who voted to impeach the president are not se

it's water technologies celebrating earth day at the nasdaq frontier airlines celebrating earth day. ne stocks jetblue and hawaii cut by deutsche on near term challenges. >> yeah. >> amid the backdrop of travel. >> i think the united story is a great story. phil lebeau, do they asked phil what to do i think they did i'm not kidding. the new guy at american was like, phil, tell me what to say. [ laughter ] united airlines is doing so well american is doing incredibly well they said there's structural issues for jetblue you don't need them. you don't need them. go buy united. buy delta. >> to your earlier point about inflation, labor costs are troubling. that's the problem at hca. lowering the guide er visits up 14. >> it's hard to train people remember when the railroads fired, fired, fired. now they have to find people to load a coal bin. >> right. >> we lost the ability to train people. >> in cleveland, dave, they'll build in cleveland they'll build the $20 billion worth. because they have a great work force and they have jay powell. >> you're all about ohio this week. >> i am. >> i'

. >>> and jetblue making a play for spirit airlines trying to leave frontier on the tarmac phil lebeauore hey, phil. >> hey, joe. you called this a spoiler bid. that's exactly what this is. here are the particulars of this proposed deal that was put forth by jetblue yesterday they came up with a deal that was announced by spirit and frontier last month. it's worth $3.6 billion and it would create the fifth largest airline in the united states in announcing the bid, jetblue says it firmly believes its proposal constitutes a superior proposal under spirit's agreement with froon tear and represents the most attractive opportunity for spirit's shareholders take a look at what happened with shares of jetblue after the offer came out again, it's 30% higher than the spirit/frontier merger agreed to on february 7th. it brought out a response from frontier, which an hour and a half after the proposal, frontier said, unlike the compelling spirit/frontier combination, an acquisition of spirit by jetblue, a high fare carrier would lead to more expensive travel for consumers, in particular an east

>> jetblue -- frontier and spirit airlines, really the low cost airlines in america, which have keptthe board rocket up, now jetblue is trying to effectively break up -- they were going to merge together or at least proposing to. and jetblue is saying no, no, i'll offer money to buy spirit airlines, they are offering something like i think it is a 20% premium over what frontier was paying. and the question is whether you think washington or the ftc or justice department will say this can't happen and whether a deal like this putting jetblue and spirit together would effectively increase prices everyone more. the political pressures on this will be enormous in large part because would he as taxpayers all gave the airlines an enormous amount of money as you know during covid. and now these airlines are turning around and saying actually, we couldn't survive before without your help and now we can't survive without consolidating otherwise we'll lose money. >> interesting. stay with us because we want to go to the white house on another economy-related issue. today they are set to extend

let's shift gears, julianna, jetblue has offered to buy spirit airlines for $3.6 million throwing a wrench in the frontierm jet comes two months after spirit and frontier agreed to merge to become a giant discount airliner and become the fifth largest airliner in the country. spirit shares, no surprise, surged on the back of news of this bid from jetblue. the board at spirit is now considering the proposal. and as for frontier, well, they're defending their offer, saying that a jetblue acquisition would lead to more expensive travel for consumers. jon, you asked about how the deal might impact the airline industry, well, for one, it shows there's a huge amount of interest in consolidation as the overall airline industry tries to claw its way back after the major hit that it took during the pandemic. so, certainly, a story to continue watching. it's not over. >> yeah. a lot of fast breaking economic news this morning. cnbc's julianna tatelbaum from london. we appreciate it. >>> still ahead, we're hearing more from two of the republican senators who will vote for judge ketanji brown jackson's confirmation t

now spirit just announced back in february they were planning to merge with frontier airlines. guys. >> many people are keeping an eye on that deal. that possible deal could be a game-changer. thanks, trevor. >>> coming up, get ready to "rise & shine" in arkansas with our guy t.j. hey, t.j. >> reporter: strahan, what better way to "rise & shine" than to call those hogs. we're right back on "gma." ma." you get up to 10x the speed at no extra cost. plus six entertainment subscriptions, included! like disney+, music, gaming and more! saving you over $350 dollars a year. (mom) delightful. (vo) and for a limited time, get a 5g phone on us. no trade-in required. (mom) amazing. (vo) plus, $1,000 to help you switch. verizon is going ultra, so you can get more. it's still the eat fresh refresh, at subway. and they're refreshing everything. even their italians. woah. you talking italians? jimmy's gonna take it from here. refresh italiano see, subway now has italian-style capicola, and you can try it on top of belgioioso fresh mozzarella on the mozza meat. or, stack on three more italian-

its rivals $3.6 billion take over bid spirit had agreed earlier this year to a take over by frontier airlinesbin hood markets downgraded to sell from neutral at goldman sachs the analysts believe consensus estimates are too high and sees a high bar for the company to achieve profitability in 2023. and wd-40 trading higher it did slightly its full year guidance because of inflationary challenges that stock right now up about 9.2% elon musk making headlines at the grand opening of tesla emphasis new giga factory and this is a pretty big deal, traditionally not what you see with an opening at one of these factories. >> no, but it is what we see with elon musk when they be an unveiling of a new vehicle and in texas driving out on stage in the very first tesla roadster. you've got to go back 2009, 2010 this is when they were just putting it together, putting batteries on a lotus sled. this is how they kicked off deliveries of a giga factory eventually if they ramp up production they believe their capacity could hit 500,000 vehicles annually. and according to elon musk this is just one step in the

the frontier spirit merger would create america's fifth largest airline, jetblue.eady to hit the high seas. the company says the week of march, 28th was the best looking weak in its history. the jump in sales came the same week the cdc dropped its covid warning for cruise ships. carnival's president, says sales channels like vacation planners, their website and travel advisers played a big part. in the recent success, the company says 22 out of their 23 ships have also return to guest operations. time is 6 47 will mountain winery in saratoga getting ready for a summer filled with music and fun, large schedule of musicians and comedians will perform at that venue and saratoga over the next six months to performers include zz top counting crows, ban morrison boyz, two men and smokey robinson. it's mountain wineries first full season in three years and tickets go on sale friday at 10 a.m. and san francisco stern grove festival coming back now the bay area's longest running outdoor music series is due to come back june 12th 10 concerts on the calendar. the final show a

airlines. it comes after frontier reached an agreement to buy spirit. more on the bidding war. st carrier bidding war in america? >> let us start with jetblue. a pretty great offer when you look at airlines and you saw the shares drop when the offer was made. jetblue was looking at an offer of $32 per share, compare that to frontier, the trick here is the regulatory approval. the agreement was approved but there was regulatory scrutiny. jetblue is also in the limelight. many regulators saying that they are not going to get the approval. jetblue in particular has also been dealing with regulatory scrutiny when it comes to their alliance with american airlines. you cannot merge all of these airlines because it will mean worse prices for consumers. matt: how could they be worse? i moved back from europe or people are not going to fly if it is more than $100 a ticket. i am talking about longlegs. it is the cheapest airfare i have ever experienced and that is because of the competition that has been allowed in europe. it is not seem like that kind of competition is here. no one is ta

the airline had agreed to merge with frontier but that deal appears to be in question. frontier said the jetblue deal would limit options for flyers. >>> cracker jack is getting a teammate. pepsi is introducing cracker jill. a new packaging for the loved baseball game snack. pepsi said it wanted to celebrate the women who break down barriers in sports. bags will be available in professional ballparks. it's also partnered to record a new version of the classic take me out to the ball game to include cracker jill. at the cbs broadcast center. >>> this morning one north bay county is taking a stand against a project that could turn 68 acres of land into a $600 million resort. >> why local residents and lawmakers are pushing back. >> some are opposed to this casino. there's a small community of homes and it's directly across the street from the proposed project. >> that would be really difficult to live with. i think that our whole lifestyle would change. >> joan has been living here for 30 years. she never imagined that a casino resort would be her next door neighbor and s

airlines. that's about 40% more than frontier offered to buy spirit less than two months ago. it's considering jetblue's offer, while frontier argues jetblue's. of spirit would lead to higher ticket prices. two dep deputies in charlotte county, florida, are being called heroes after rescuing a man who was trapped inside a burning car. the officers raced to the scene after witnesses heard a crash and the man screaming for help. well, the deputies used a pocket knife to cut the man free from his see the belt, which had gotten wrapped around his neck. with the help of a good samaritan, they actually pulled him to safety. just incredible. all right, up next, how two american college students found housing for thousands of ukrainian refugees. if you have copd, ask your doctor about breztri. breztri gives me better breathing and helps prevent flare-ups. before breztri, i was stuck in the past. i still had bad days, flare-ups which kept me from doing what i love. my doctor said for my copd, it was time for breztri. breztri gives you better breathing, symptom improvement, and helps pr

airlines' trade. the $33 per share offer representis roughly 40% premium and 50% on spirit's price on monday the bid from jetblue comes less than two months after spirit and frontier had agreed to merge into a discount giant which would have made it the country's fifth largest airline. jetblue says its board is evaluating the new proposal and pursue the course of action and determines to be in the best interest of its company. for its part frontier is defending its offer saying unlike the compelling spirit/frontier combination, an acquisition of spirit by jetblue, a high-fair carrier, would lead to more expensive travel for consumers adding it is surprising that jetblue would consider such a merger at this time given the department of justice is currently suing to block their pending alliance with american airlines and robin hayes, ceo of jetblue will be on to discuss this merger at 10:00 a.m. eastern. >> big interview there silvana, thank you very much. >>> we're just getting started we've got a lot to do on twhens. when we come back, spacex, the tesla founder, what elon musk's new role could mean for the stock and the fight with the s.e.c. >>> plus, the rate sho

. >> mornings moves airlines to look at jetblue spirit airliners, frontier down premarket by better thanacquire spirit for 3.6 billion dollars in cash combined company would become fifth largest airline in the united states. market share and offer estimated 1700 daily flights serving more than 77 million commerce a year months after frontier spirit agreed to merge in 6.6 build deal spirit said board would evaluate jetblue's proposal determine the best course of action. declines across the board in airlines, elon musk now the richest man in the world, twitter announced yesterday he is now on the board of directors putting him onboard rather after musk took 9.2% stake in the company twitter says it is in fact, working on an edit feature musk brought up users have been pushing for this for years elon musk tweeting do you want an edit button changes he would like to see at twitter, joining me, lou, all morning long james freeman brandon arnold great to see you lou thanks for joining the consideration i notify been a longtime the critic of elon musk and twitter tell me your thoughts musk on t

airline again. that summer 1973 frontier air hired a woman. t was still a very small regional airline at that time. and american airlines hired this woman. she was 24 years old. and from florida a pilot's daughter. she had been struggling for years to get hired at any kind of flying outfit cargo or passenger. and she had failed. some airlines still in existence today denied her and told her don't bother applying again. we don't hire women. but she persistent. and in the summer of 1973 american airlines hired her to be a pilot and a grand ceremony that august the president of american airlines pinned the wings on the lapel of that jacket right there the first ever airline pilot jacket tailored specifically for a woman. and still she faced adversity. snide remarks from her colleagues insulting remarks from passengers at times in the 1970s when a man would get on a plane and see a woman in the cockpit he would refuse to fly. and instead of removing the male passenger from the plane the airlines sometimes removed the female pilot from the cockpit.

dealing with an industry wide bull market if you're clear of the bidding war for spirit airlines, that is jet blue, frontierelf whatever way this plays out, i'm just saying it point blank right now, lawyers involved in this deal forget it. biden justice department will not allow another airline merger [ inaudible ] last year southwest had some bad operational issues including something close to the pilots union and long time ceo gary kelly stepped down and while he's staying on the chairman, i want to see what southwest said when it reports on thursday morning. hard to imagine it would be weak but the other guys have momentum and pricing power. and we were supposed to think that business travel was gone. they don't need business travel but that is coming back as we heard from american express last week bottom line, there is always a bull market somewhere and right now it is at 30,000 feet high. ring the register on the way up because theer are airlines tend to be very boom and bust industry and nothing has changed on that front. brett in texas >> caller: before i get to my question, just wanted to say reall

you may remember spirit airlines and plan to merge with frontier a few months back. but due to some complications, jetblue was able to place an unsolicited bill for 3 bid. excuse me for 3.6 billion dollars. that's more than what frontier had offered back in february, which was 2.9 billion frontier. previously said the merger would save consumers a billion dollars annually. jetblue, meanwhile, hopes it's all cash bid for the low cost. carrier will help it grow and better compete against larger airlines. jetblue is the 6th largest airline company currently taking a look now at sfo. it is spring break for some bay area. students and families. many taking advantage of those flight prices high still have the chance because a lot of them are going to go higher. it's time to check in on our forecast meteorologist mabrisa rodriguez standing by reese. a lot of people leave the bay to maybe get some more sunshine and warm weather. but we've got some right here this week. yes, certainly notice spring-like forecast out there, even though a lot of you are celebrating your spring

all the major airlines have already updated their policy on face coverings. delta, american, united, southwest, jetblue, frontier, and spirit announced they will no longer require passengers to wear a mask. spirit airlines actually never had an official mask requirement because they don't have windows on the plane. the remaining airlines are expected to follow suit. which means it's time to say goodbye to viral videos of karens and aarons having anti-mask meltdowns in mid-air. it's time to recognize the very best of the very worst in the first-ever- unruly awards! the unruly for outstanding dramatic mask removal goes to -- >> [ bleep ] talking to me like that! take me off. i don't give a [ bleep ]. i didn't even want to go to cali! >> jimmy: the winner for use of ex-plea saves is -- >> you understand that? >> jimmy: outstanding white woman comparing herself to rosa parks. >> jimmy: outstanding use of a substitute mask. >> jimmy: outstanding use of packing materials. >> jimmy: and finally, outstanding non-verbal protest. >> jimmy: congratulations to all of our winners. you'll be featured getting rabies shots. and

finally, jetblue sinking after an all-cash offer to spirit airlines throwing a wrench into the existing plan with frontier about the impact it would have. >> when you scratch behind the surface and look at what the regulators are trying to do, make sure as a result these combinations, fares, go down rather than up, we actually believe a jetblue/spirit combination positive have a more permanent effect in lower fares than merger of the ultra carriers. >> jetblue shares down 8%. all airlines in red today. >>> up next, the best places to work in america, and a couple of ntveial cororsor maybe we should say surprising names top the list can you guess them don't google it. we'll be right back. >>> welcome back, everybody. linkedin out with a top list of companies to work for in america. dom chu hsomewhat surprising works. >> surprising sums it up same amazon, right, first lost a historic union vote at a warehouse in new york city and the same amazon criticized being unfair to workers at many times in its history to folks at linkedin's most at tractive large company in america to work for then ap if a bette, par

airlines. that's about 40% more than frontier offered to buy spirit less than two months ago.t says it's considering spirit would l tes.le frontier tonight oeputien are unty, flo inalle heroes aft rescuing a man who was trapped inside a burning car. the officers raced to the scene after witnesses heard a crash and the man screaming for help. well, the deputies used a pocket knife to cut the man free from his seat belt, which had gotten wrapped around his neck. with the help of a good samaritan they actually pulled him to safety. just incredible. >>> all right. up next, how two american college students found housing for thousands of ukrainian refugees. when you humble yourself under the mighty hand of god, in due time he will exalt you. hi, i'm joel osteen. i'm excited about being with you every week. i hope you'll tune in. you'll be inspired, you'll be encouraged. i'm looking forward to seeing yo right here. you are fully loaded and completely equipped for the race that's been designed for you. (dr. david jeremiah) there may have never been another time in history when end ti

four more next week with southwest, jetblue and spirit and frontier the demand to see right now in the airline industry, everybody across the board and not just talking the book but booking trends that lead them to believe we'll see the demand well into the third quarter, fourth quarter and beyond. >> thank you let's turn to the hotels similarly excited about the outlook. also potentially expecting some deal making as we look for the return of business travel. seema? >> the recovery demand prompting a surge in deal making more sales of hotels in the nation $12 billion in transactions this year highest since 2016 the states with the most interest and top dollar are florida and california hotel real estate investment trusts the most active host hotels that sold the sherton in times square. as the private equity led by blackstone now higher deal flow is seen as a positive sign to once again view hotels as a good real estate investment at a time when construction of new hotels is slowing and another reason experts say we'll see more activity the more hotels added to the pipeline the more revenue c

unsolicited take over spirit airlines it's all cash worth about $3.6 billion in february they did a merge with frontier. it's a $2.9 billion cash stock deal it's valued at a bit less because spirit is down spirit said it will evaluate jetblue's proposal while frontier claims the rival bid will lead to more expensive travel for consumers don't miss an interview with ceo of jetblue robin hayes we'll go to it, jim. what i hear this morning from my crowd they know a thing or two about the takeovers. not to mention myself as the department of justice is probably not going to let either one of these happen. it doesn't matter. maybe you do something to stop the deal the deal isn't getting done and the other one probably isn't getting done either >>well, let's say that i was going to say exactly what you said i'll say it again. i want to attack some lawyers today. i don't know what i would have given this advice. we haven't heard from the most rig louse thing. jonathan cantor -- >> anti-trust -- >> yeah. basically the equivalent at ftc and doj. doj will get this and doj really regrets allowing american airline

why it's entering a bidding war for spirit airlines and what the offer means for spirit's plan field for frontier♪ ♪ ♪ i call it.... the wheel. ok, this is a miss. it's a fork. i got ten forks right here, baby. a toilet? we're not animals. we go outside like humans. nobody's going to the moon, ever! why not? it's too far! it's far. like i was saying, it's ftx, it's a safe and easy way to get into crypto. ehh, i don't think so. ♪ ♪ and i am never wrong about this stuff. never. (cto) ♪ i want the world ♪ (production manager)rong ♪ i want the whole world ♪ (supervisor) ♪ i want to lock it all up in my pocket. ♪ (ceo) ♪ i want today. ♪ ♪ i want tomorrow. ♪ (warehouse worker) ♪ presents and prizes and sweets and surprises... ♪ (driver) ♪ of all shapes and sizes. ♪ (dispatch) ♪ i want it noooooow! ♪ (vo) t-mobile for business has 5g that's ready right now. this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xf

spirit airlines jumped, potentially spoiling a bid by rival frontier group.ed an unsolicited proposal from jetblue to purchase outstanding shares for $33 apiece in cash. the offer comes about two months after frontier reached a deal to buy spirit for $2.9 billion. rishaad: let's have a look at what is going on market wise. the nikkei went to the lunch break within -- witha 1.95%. the hang seng also piling on some misery. taking a look also at the yen. you can see at one state -- those are some of the movers with some big falls taking place . we do have the whole two day holiday for some companies and one day holiday for some hong kong ones, which right now are playing catch-up. haslinda: in the fx market, dollar strength, the dollar index closed to a two year high. the yen at 123.90. keeping an eye for the weakest level. this is bloomberg. ♪ is bloomberg. ♪ if you're a small business, there are lots of choices when it comes to your internet and technology needs. but when you choose comcast business internet, you choose the largest, fastest reliable network. y

the airline had agreed in february to merge with frontier but that deal appears to be in question. >>d it can really pay off to be an intern. glass door has their list of the top paying internships and roblox was number one. they are offering interns nearly $10,000 a month and some very valuable experience. uber was close behind and capitol 1 came in third. whatwallet for those interns? pretty good paycheck. >> it seems so. i got no money for my internship. >> me too. me too. >> times have changed. speaking of money as well. gas prices still high. we understand that more americans looking into other modes of transportation. >> there are planes, trains, automobiles but it turns out that more than half of americans say they would rather walk. 54% said walking is their preferred mode of transportation and many are using step counters but they average just about 5900 steps a day so i think that they may be over estimating what they actually do. they still need help it get to where they are trying to go. >> and kudos to bringing back the pedometers. >> that's right. >> look at you. look at

airlines. the $3.6 billion offer threatens to break up a plan for spirit to merge with frontier.blue offered $33 per share cash. nearly 50% more than what frontier planned to pay. spirit says it will present the offer to its board and they will make a decision based on what is best for shareholders. freda kahlo is the latest artist to be given the immersive treatment in san francisco. a local -- ice cream maker has rated a sweet treat. freda kahlo the ice cream is now available at all this shops. they joined us on abc 7:00 this morning, as they tried the mexican inspired flavor. >> when you first buy into it, you're going to get chocolate, then the mole, then rose water. >> i taste the rosewater. >> me to. >> he better get ready with the weather. people coming in. >> we just brought taste back, so you can try the ice cream before anybody. >> i miss that. dan: this ice cream is only available for a limited time. you have just the rest of the month try it. it sounds good. see what fun they have on the morning show. good for them. stay tuned for the forecast, is getting hot. sandhya

airline. the bid could break up a plan for spirit to merge with rival budget carrier frontier. jet blue says combining with spirit would lead to lower fares by creating a challenge to united, delta and southwest. that's the same argument fran tier made when it viewed the takeover offer in february, a combined jet blue and spirit would have about 170 daily flights to florida alone. marcus and laura, back to you. >> that should be interesting. you're going to have to make sure you pay more, because you pay more for bags, seats. >> maybe they'll change it, though. >> we'll see. >> thanks, silvana. >>> this morning a neighborhood is on edge following a frightening attack in south san jose. coming up next on "today in the bay," the frightening moment a teenager is attacked near an elementary school and what police are revealing about the case. >> plus the deal that's going to make getting an uber in san francisco look very different. stick around. much more ahead for you. i'm so glad sauced & loaded fries are back. yea. i really missed this. i missed us. to my fries—and to my guys.

airlines. the $3.6 billion offer threatens to break up a plan for spirit to merge with frontier.blue offered $33 per share cash. nearly 50% more than what frontier planned to pay. spirit says it will present the offer to its board and they will make a decision based on what is best for shareholders. freda kahlo is the latest artist to be given the immersive treatment in san francisco. a local -- ice cream maker has rated a sweet treat. freda kahlo the ice cream is now available at all this shops. they joined us on abc 7:00 this morning, as they tried the mexican inspired flavor. >> when you first buy into it, you're going to get chocolate, then the mole, then rose water. >> i taste the rosewater. >> me to. >> he better get ready with the weather. people coming in. >> we just brought taste back, so you can try the ice cream before anybody. >> i miss that. dan: this ice cream is only available for a limited time. you have just the rest of the month try it. it sounds good. see what fun they have on the morning show. good for them. stay tuned for the forecast, is getting hot. sandhya

we begin with breaking news though we've got to look at frontier, hold the phone on that jet blue deal with spirit airlines the parent says its $2.9 billion merger deal announced in february is the matchup in best interest of consumers and shareholders. during this hour yesterday, you may remember jet blue revealed a $3.6 billion bid for spirit halt ed on the news and then began trading up about 22%. today while jet blue says it's highly confident it can secure regulatory approval, analysts from raymond james and jpmorgan chase are not so sure they say they doubt it be approved. the doubt is creeping into the markets frontier down 9.6%, jet blue down 7%, spirit down 2 and one-third percent. look, overall, the stocks across-the-board are down along with the dow transport index which is seeing outsized selling at this hour. we've got the transports down a full 3% or 459 points going into today's session. this index was less than a percentage point away from bear market territory, meaning down 20% since recent highs. so we're keeping an eye on that, and then there's this. the market, what did i say? acting li

airline. the other player, frontier group, still on the table. spirit announced a merger with frontier in february, $10 less than the offer from jetblue. so stay tuned. there are the stocks in the premarket right now, spirit and frontier slightly higher. jetblue substantially lower. by the way, frontier did not respond immediately to a request for comment from business. spirit said discussions with jet bruise would be in keeping with the terms of the merger agreement with frontier. stay tuned for all this. well, a strong showing at augusta for tiger woods on day one of the masters. the golf superstar finishing just a few strokes behind the leaders. woods says he's going to great lengths to manage pain after suffering devastating injuries to one of his legs in last year's car crash. >> lots of treatments, lots of ice, lots of ice baths, getting the swelling out as best we can and getting it mobile and warmed up, activated and explosive for the next day. cheryl: woods ended the first day of play finishing one under par for the course. he told repor

airlines? jack: no one saw this deal coming, there were more things that make obvious economic sense. jetblue is offering $33 a share to buy spirit, outbidding frontier in the process, jetblue shares are down, spirit shares are up but nowhere near the deal price where markets are saying, we don't know if jetblue will be successful but punish them for even trying, it will create a stronger competitor for the dominant market share. the -- spirit is like a rock-bottom price airline. they feed them cheap to cheap and keep costs way down. jetblue has higher prices, and to refit the planes. it would mean a 10% capacity reduction. then to the department of justice, what is awkward is the doj is suing jetblue and american and over an agreement to sell each other's flights in the northeast. plans for capacity growth look too ambitious, the topic is delta which benefits this coming week, owning its own oil refinery which is nice to have with jet fuel prices where they are. are. ibly5 ♪♪ ♪♪ ♪♪ ♪♪ inner voice (furniture maker): i'm rubbing the arms of my chair... ...admiring the craft and detail i've put into it. that way i try to convince myself that i'm in con