about this i'm sure there'll be an 8k any minute >> one of the interesting things here is that gary kelly, the prior ceo, was a lauded figure, you know, throughout the industry, throughout the business world, he only stepped down was it last summer for the new ceo to take over so as hard as we want to be on the ceo to say, how could you possibly have these horribly antiquated systems in place, does gary kelly have to shoulder some of the blame here as well it sounds like these are systems that have been in place for this company for literally decades. >> that is true. we've heard from unions that have been saying, these systems are very hard on our employees we're talking flight attendants and pilots there have been warnings to those executives that we've heard about that weren't heeded. those employees that have been stranded, some of them sleeping on cots and airports are very upset about that bob jordan is the new ceo and took the helm earlier this year. he's been at the company for a long time. a lot of the top executives there, with the airlines, tend to stay with the company for a r

caveat new ceo at southwest in last 12 months bob jordan, who took over from the much harolded gary kellyprovement this goes from top to the bottom. and richard fowler made me think of those terrible baggage people that are out there, as far as bags that can't find the people they belong to. also the passengers and look at those beautiful bags, they don't have their homes. kennedy: no. and can you imagine like, it is christmastime. if youi you are not carrying everything on with you, they are full of christmas presents, and christmas was ruined for thousands of children. i hope parents remember that. forever. otherwise if there is a another bailout, they should give the money back they should give the 7.2 billion back, and start with people who had canceled flights and you know, there were no real gestures made to get people in hotels, to get them food, to get their bags, just like go home, thanks though, maybe after new years, see you later. >> also winter, also the holidays, not like they were a bunch of flights to be taken. if you were not on your southwest flight. buttigieg is now fir

employees aren't peach and gary kelly who used to run southwest comes back.s what bob iger has done and at the same time this becomes a story for 2023, you might see more restructuring with a lot of the big names that we follow in the markets. >> yeah, i think the cost of capital has been so cheap for so long that businesses enjoyed the ability and breath to expand and growth potentially into business lines that they thought might take more years of work to get to be profitable but now that the market is retrenching, those profit lines are not, you know, the cost centers, if you will, are going to be looked at and it is a problem just like mike was saying with turnover and all the competition is coming to a head. there's so much segmentation that it is hard to be a market leader in almost everything that you do based on the breath of competition through technology. you know, cheryl, so these things are going to be looked at a lot more closely and maybe with would take capital project or expansion, merger acquisition of a new division that was really sort of o

>> we've had conversations with the executive leadership, with the previous ceo gary kelly, mike vandernd we described as hot as we're running the operation, that the systems were continuing to be an issue. we raised it at negotiations. we've been in negotiations since 2018. in fact we picketed on september 27th and one of our picket signs said picture sign loading, southwest technology failure. we've brought forth solutions and technology provisions and at the table and it is pretty much been ignored. >> can you tell me understand what the response was from those folks? you named everyone from the previous ceo on down. and also have you in the last ten months since bob jordan has been ceo, have you said this to him? >> yes, i have. and we've had discussions at the table. my grievance team leaders have had discussions when it comes to grievances and the pilots have also taken a strong focus on the fact that we seem to only plan for sunny days. and then when we have inclement weather our systems and our methodology just don't work. >> this is from clair tate, a former southwest manager w

this really goes to our old leadership gary kelly and how he failed to in-jvest in our infrastructure this. bob jordan recognized the challenge. but this is i.t. and it is a slow process and i think now he realizes that really how important it is to speed up that investment. >> yeah, and in fact bob jordan when he came to southwest, it was in the i.t. department and then he became in a leadership role of the i.t. department. clearly there is a sense of urgency to fix this. what would you recommend to a friend or family member that if they book a ticket on southwest that they can depend on the airline to get them where they are going? >> i'd 100% encourage my friends to fly on southwest. two reasons. we are the best 737 pilots in the world. so your safety is number one priority for us. and you can feel safe on our planes. and second, we are a great airline. we have a point to point network which obviously has some flaws with huge cancellations that need to be fixed. but in the grand scheme 6 tof things, it gets you to place to place a lot faster with less stops. so a pretty good networ

back then, gary kelly. we pinpointed the problem that the i.t. scheduling software that they were using is not up to snuff if you will. it does not -- it's inadequate in doing what they would like to do, and you can see that with the increase in meltdowns and then how severe the meltdowns have become. we had one in october of 2021 with 2,000 cancellations that cost the company $75 million, and now they've recovered from these meltdowns, and they're becoming more and more cumb cumbersome. i'm glad our chief operating officer is finally specifically talking about that program which is that sky solver program. he said we have a solver that would be able to do that quickly and accurately. our system today cannot do that. so it's the lack of infrastructure spending and reinvesting back into the company that's gotten us there. whether or not this is going to be an impetus for them to turn around and do a very rapid and expeditious reinvestment back into the company with a new program or better program, and not be assigned pilots and flightattendants, t

gary kelly, who was then in that job, and now a new ceo, who is dealing with this current level of disruptionnd everything at a horrible time to be dealing with it, around the holidays now you got congress all over you as well. >> yeah. it's not a great fix, and by the way, you're exposed to energy costs out of your control, and all the rest of it so, i don't know if there's a good answer to what you do with the stocks, except it explains why they trade super cheap on peak earnings when things are going well >> speaking of a name that's under pressure, amc, a new 52-week low, down almost 1% right now. that's despite the tweets from ceo adam aron asking for a salary freeze in 2023. shares are down more than 75% this year. obviously, you have had the rise of streaming you have fewer blockbuster releases, which has affected foot traffic at theaters it's got 900 theaters. cash burn, losses here, and it looks like he's also pushing for, in these tweets, other management to also forego their salaries or their salary increases too. this is one of those names going back to retail that we know has bee

kelly. but are they good fits? that wasn't the question donald trump was asking when he was looking for these candidates. >> it all gets back to tip o'neill. >>> joining us now, gary pieters, chairman of the democratic senatorial committee. take a victory lap. the committees don't have to be evenly divided. i don't have to tell you. house republicans forecasting a flood of subpoenas as they take control against the biden cabinet, biden family. does this mean senate committees, led by democrats, can issue subpoenas and pursue their own investigations? >> it does. it's a big deal to have 51. it makes a huge difference on the individual committees. i chair, in addition to the docc, which i shared over the last two years, i chair senate homeland security and government affairs. we oversee the department of homeland security. this will mean so many of the nominations the president puts forward, which sometimes can be controversial with my republican colleagues, now i can pass them because i will have an extra member, a democrat on my committee. we will be able to move things more efficiently. you will see that in terms of judges and other critical cabinet positions and

kelly, a lot of good tips there. appreciate your time. >>> any minute now, president biden will deliver his christmas address ahead of the new year. garydent this afternoon? >> reporter: we're told don't call it a victory lap. that's what sources are telling our white house team, it'll be a celebration of the biden administration accomplishments over the last year, from the inflation reduction act to the infrastructure act. there's a lot going on in the next year that's going to be uncertain especially with the republican house, the democratic senate, a lot of deadlock and gridlock on capitol hill. prices have been all over the price for everything this year, gas, food, who knows what it's going to look like next year. the ukraine war and the amount of spending the united states is doing when it comes to the ukraine war this year compared to next year, going to be very different numbers because of the gridlock in congress. perhaps the biggest question of all is will president biden run again in 2024? that is something we're told we will get an answer to within the coming months he's supposed to make a decision over the holiday season w

gary black in the primary who had tried to become the nominee. he also had worked for doug collins in the previous cycle when doug collins was facing off against kelly loeffler. there's history in terms of republicans in the state of georgia feeling frustrated when you have newcomers to politics who end up essentially becoming the nominee, runoffs and all kind of stuff but become their party's nominee and saying today that if you just go with the establishment candidates who have been tested before and aren't going to have as much political baggage as we saw with herschel walker coming out you might not end up with these scenarios. >> interesting point you make. the republican philosophy normally is make decisions as local as you can, right, get them out of washington and get into the state. if you can get them to the county, get them to the county, if you can get them to the people, get them to the people. this is brad raffensperger just re-elected and geoff duncan, the lieutenant governor of georgia saying you should have let georgians pick the candidates, not donald trump. >> as republicans if we want to do soul searching we need to win back the

gary glitter is never quite ever well. won't never quite ever well. i won't be this christmas be playing him this christmas because room because it's hard to find room with kelly'm playing, fan . i'm so playing, but big fan. i'm so sorry i never even noticed. am i missing out . it's a huge missing out. it's a huge christmas. not for me. not in my house. i know what you're listening okay. listening to. oh okay. you almost played like. you almost played you like. you know, that. i wish it know, i like that. i wish it could christmas. that's could be christmas. that's wizard and, like, wizard. did you last christmas? the you like last christmas? the george michael? yes, i like hoffman it's cliche to hoffman biscuit. it's cliche to be christmas. shout be cynical at christmas. shout out they're nuts. bit out to they're nuts. a bit obscure. that's neat. i obscure. that's a bit neat. i get it, though. get tweets about it, though. trust in the trust me. they bombed in the room. my christmas song is dreidel, dreidel, dreidel. i've made it out of class, of course. and the hanukkah song, that's a hanukkah, so. yeah. okay i don't need correct you. know need to correct you

gary glitter is never quite ever well. won't never quite ever well. i won't be this christmas be playing him this christmas because room because it's hard to find room with kellylaying, fan . i'm so playing, but big fan. i'm so sorry i never even noticed. am i missing out . it's a huge missing out. it's a huge christmas. not for me. not in my house. i know what you're listening okay. listening to. oh okay. you almost played like. you almost played you like. you know, that. i wish it know, i like that. i wish it could christmas. that's could be christmas. that's wizard and, like, wizard. did you last christmas? the you like last christmas? the george michael? yes, i like hoffman it's cliche to hoffman biscuit. it's cliche to be christmas. shout be cynical at christmas. shout out they're nuts. bit out to they're nuts. a bit obscure. that's neat. i obscure. that's a bit neat. i get it, though. get tweets about it, though. trust in the trust me. they bombed in the room. my christmas song is dreidel, dreidel, dreidel. i've made it out of class, of course. and the hanukkah song, that's a hanukkah, so. yeah. okay i don't need correct you. know need to correct you. yo